PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Employer-Employee Relations.
Congressional Research Service
Version 00 · Introduced in House · Oct 29, 1997
U.S. Market Security Act of 1997 - Establishes the Office of National Security within the Securities and Exchange Commission (SEC) to review and monitor securities offerings by foreign governments and by any entity the Office believes to be controlled by a foreign governmental unit. Requires: (1) the Office to report quarterly to certain congressional committees on the amount of securities offerings by foreign entities; (2) the Director of the Office to notify the SEC Chairman of any violation by such foreign entities; and (3) each Federal banking agency to report annually to certain congressional committees on the number of foreign banks operating in the United States that are believed to be controlled by a foreign governmental unit. Instructs the Pension Benefit Guaranty Corporation to report annually to the appropriate congressional committees regarding the extent of U.S. pension fund assets that represent interests in any foreign person or governmental entity. Directs the Secretaries of State and of the Treasury to: (1) negotiate agreements with U.S. allies to institute in them reporting requirements similar to those imposed by this Act; and (2) report to the Congress on such negotiations.
People & committees
Rep. Solomon, Gerald B. H. [R-NY-22] · R–NY
Legislative record
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Referred to the Subcommittee on Employer-Employee Relations.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Referred to the Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises.
Referred to the Subcommittee on Finance and Hazardous Materials.
Referred to House Education and the Workforce
Referred to House Banking and Financial Services
Referred to House International Relations
Referred to the Committee on Commerce, and in addition to the Committees on International Relations, Banking and Financial Services, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Commerce
Introduced in House
Introduced in House
Primary sources
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Source last updated: Mar 23, 2026. Consult Congress.gov for the current record.
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