Shareholder Communications Act of 1985 - Amends the Securities Exchange Act of 1934 to subject banks, associations, and other entities that excercise fiduciary powers to the same Securities and Exchange Commission regulations as broker-dealers with respect to giving or refraining from giving a proxy, consent, or authorization in respect of any registered security carried for the account of a customer. Provides that such regulations shall not require a bank to disclose the names of beneficial owners of securities in an account of such bank without the owners' consent, provided the bank has made a good faith effort to obtain such consent.
Introduced in Senate
Read twice and referred to the Committee on Banking.
Committee on Banking. Approved for reporting with an amendment in the nature of a substitute favorably.
Committee on Banking. Reported to Senate by Senator D'Amato for Senator Garn with an amendment in the nature of a substitute. Without written report.
Committee on Banking. Reported to Senate by Senator D'Amato for Senator Garn with an amendment in the nature of a substitute. Without written report.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 486.
Measure laid before Senate by unanimous consent.
Considered and read the third time.
Senate passed companion measure H.R. 1603 in lieu of this measure by Voice Vote.
Returned to the Calendar. Calendar No. 486.
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