FOREIGN INVESTMENT ACT OF 1975

HEARINGS

BEFORE THE

SUBCOMMITTEE ON SECURITIES

OF THE

COMMITTEE ON BANKING, HOUSING AND URBAN AFFAIRS UNITED STATES SENATE

NINETY-FOURTH CONGRESS

FIRST SESSION

ON

S. 425

TO AMEND THE SECURITIES EXCHANGE ACT OF 1934 TO REQUIRE NOTIFICATION BY FOREIGN INVESTORS OF PROPOSED ACQUISITIONS OF EQUITY SECURITIES OF UNITED STATES COMPANIES, TO AUTHORIZE THE PRESIDENT TO PROHIBIT ANY SUCH ACQUISITION AS APPROPRIATE FOR THE NATIONAL SECURITY, TO FURTHER THE FOREIGN POLICY, OR TO PROTECT THE DOMESTIC ECONOMY OF THE UNITED STATES, TO REQUIRE ISSUERS OF REGISTERED SECURITIES TO MAINTAIN AND FILE WITH THE SECURITIES AND EXCHANGE COMMISSION A LIST OF THE NAMES AND NATIONALITIES OF THE BENEFICIAL OWNERS OF THEIR EQUITY SECURITIES, AND FOR OTHER PURPOSES.

MARCH 4, 5, AND 6, 1975

The Library of the

Printed for the use of the

Committee on Banking, Housing and Urban Affairs

Unive.Shy at nois at Urbana-Champaign