[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.J. Res. 57 Introduced in House (IH)]

111th CONGRESS
  1st Session
H. J. RES. 57

  Proposing an amendment to the Constitution of the United States to 
     prohibit the United States from owning stock in corporations.


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                    IN THE HOUSE OF REPRESENTATIVES

                             June 23, 2009

 Mr. Turner (for himself, Mr. LaTourette, Mr. Pitts, Mr. Bartlett, Mr. 
  Shadegg, Mr. Broun of Georgia, Mr. Price of Georgia, Mr. Bishop of 
 Utah, Mr. King of Iowa, Mr. Gingrey of Georgia, Mr. Posey, Mr. Franks 
  of Arizona, Mr. Bonner, Mr. Gohmert, Mr. Sam Johnson of Texas, Mrs. 
 Blackburn, Mr. Tiahrt, Mr. Latta, Mr. Heller, Mr. Rogers of Alabama, 
Mr. Lee of New York, Mr. Miller of Florida, Mr. Garrett of New Jersey, 
 Mr. Westmoreland, Mr. Marchant, Mr. Gary G. Miller of California, Mr. 
 Calvert, Mr. Gallegly, Mr. Rehberg, Mr. Alexander, Mrs. Schmidt, Mr. 
  Pence, Mr. Burton of Indiana, Mr. Souder, Mr. Boozman, Mr. Davis of 
  Kentucky, Mr. Sensenbrenner, Mr. Platts, Mr. Linder, Mr. Wamp, Mr. 
 Akin, Mr. Kingston, Mr. Mario Diaz-Balart of Florida, Mr. McKeon, Mr. 
 Kline of Minnesota, Mrs. Capito, Mr. Terry, Mr. Bachus, Mr. Lamborn, 
Mr. Roe of Tennessee, Mr. Fleming, Mr. Culberson, Mr. Young of Alaska, 
Mr. Tiberi, Mr. Stearns, Mr. Young of Florida, Mr. Hunter, Mr. Shuster, 
 Mr. Poe of Texas, Mr. Mica, Mr. Coffman of Colorado, Mr. Luetkemeyer, 
  Mr. King of New York, Mr. Barrett of South Carolina, Mr. Cole, Mr. 
 Sessions, Mr. Olson, Mr. Hall of Texas, Mr. Forbes, Mr. Austria, Mr. 
  Reichert, Mr. Wilson of South Carolina, Mr. Rogers of Kentucky, Mr. 
 Jones, Mr. Boehner, Mr. Boustany, Mr. Duncan, Ms. Foxx, Mr. Shimkus, 
   Mr. Herger, Mr. Hoekstra, Mr. Manzullo, Mr. Burgess, Mr. Lewis of 
California, Mr. Flake, Mr. Lucas, Mr. Carter, Ms. Granger, Mr. Walden, 
   Mr. Lance, Mr. Hensarling, Ms. Ginny Brown-Waite of Florida, Mrs. 
  Myrick, Mr. Coble, Mr. McClintock, Mr. Bilbray, Mr. Neugebauer, Mr. 
     Nunes, Mr. McCaul, Mrs. Bachmann, Mr. Graves, and Mr. Cantor) 
 introduced the following joint resolution; which was referred to the 
                       Committee on the Judiciary

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                            JOINT RESOLUTION


 
  Proposing an amendment to the Constitution of the United States to 
     prohibit the United States from owning stock in corporations.

    Resolved by the Senate and House of Representatives of the United 
States of America in Congress assembled   (two-thirds of each House 
concurring therein),
    Section 1. SHORT TITLE.
    This joint resolution may be cited as the ``Preserving Capitalism 
in America Amendment''
    Section 2. CONSTITUTIONAL AMENDMENT.
    That the following article is proposed as an amendment to the 
Constitution of the United States, which shall be valid to all intents 
and purposes as part of the Constitution when ratified by the 
legislatures of three-fourths of the several States within seven years 
after the date of its submission for ratification:

                              ``Article--

    ``The United States shall not own, subscribe to, or otherwise have 
any interest in the stock or equity of any company, association or 
corporation: Provided, That the foregoing prohibition shall not apply 
to any public authority or to any public use corporation, or to any 
investments through any pension funds.''.
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