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- H.R.1258
H.R.1258: To amend the Trust Indenture Act of 1939 to require that indentures prohibit corporate acquisitions or reorganizations unless the successor corporation assumes the responsibility to make payments under the indenture.
About This Bill
- This bill was introduced in the 103rd Congress
- This bill is primarily about finance and financial sector
- Introduced March 9, 1993
- Latest Major Action March 22, 1993
Bill Sponsor
Bill Cosponsors
2 (1 Democrat, 1 Republican)
Bill Summary
Amends the Trust Indenture Act of 1939 to prohibit certain corporate mergers, consolidations, conveyances, or transfer transactions by the issuer of federally registered debt securities in which the assets available to the issuer are reduced, unless the successor entity expressly assumes, by a supplement to the original trust indenture, the payment of interest and principal of all the securities involved and the performance of every covenant...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Energy and Commerce.
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Referred to the Subcommittee on Telecommunications and Finance.
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| March 9, 1993 |
Introduced in the House by Gerald D. Kleczka (D-Wis.) |