HCONRES 403
99th Congress
House
Finance and Financial Sector
Foreign Trade and Investments
Foreign trade policy
Government securities
Japan
Securities
Securities and Investments
Securities industry
A concurrent resolution expressing the sense of the Congress that the Federal Reserve Bank of New York should deny any application from a Japanese security firm to become a primary dealer in United States Treasury securities until substantial progress is made in opening the Japanese securities market to United States securities dealers.
Introduced: October 2, 1986
Introduced by:
Schumer, Charles E.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 2, 1986
Referred to House Committee on Ways and Means.
Oct 2, 1986
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Oct 2, 1986
Referred to House Committee on Banking, Finance and Urban Affairs.
Oct 2, 1986
Introduced in House
Plain-English summary
Expresses the sense of the Congress that: (1) the Federal Reserve Bank of New York should deny the applications of Japanese securities firms to become primary dealers of U.S. Treasury securities until substantial progress is made in opening up Japanese securities markets to U.S. firms; and (2) the Bank and the Administration should intensify efforts to negotiate the reduction of barriers to access to such Japanese markets for U.S.firms.
What's happening now
Referred to House Committee on Ways and Means.
Cosponsors
1