[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4426 Introduced in House (IH)]






108th CONGRESS
  2d Session
                                H. R. 4426

  To prohibit certain entities from trading in capital markets in the 
                             United States.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 20, 2004

Mr. Bachus (for himself, Mr. Tancredo, and Ms. Ros-Lehtinen) introduced 
      the following bill; which was referred to the Committee on 
                        International Relations

_______________________________________________________________________

                                 A BILL


 
  To prohibit certain entities from trading in capital markets in the 
                             United States.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PROHIBITION ON TRADING IN U.S. CAPITAL MARKETS.

    (a) Prohibition.--The President shall exercise the authorities he 
has under the International Emergency Economic Powers Act (without 
regard to section 202 of that Act) to prohibit any entity engaged in 
the development of oil or gas in Sudan--
            (1) from raising capital in the United States; or
            (2) from trading its securities (or depository receipts 
        with respect to its securities) in any capital market in the 
        United States.
    (b) Definition.--For purposes of this section, an entity is 
``engaged in the development of oil or gas in Sudan'' if that entity is 
directly engaged in the exploration, production, transportation (by 
pipeline or otherwise), or refining of petroleum, natural gas, or 
petroleum products in Sudan.
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