[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.J. Res. 22 Introduced in House (IH)]

112th CONGRESS
  1st Session
H. J. RES. 22

  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

                            January 24, 2011

  Mr. Turner (for himself, Mr. Akin, Mr. Alexander, Mr. Austria, Mrs. 
 Bachmann, Mr. Bachus, Mr. Bartlett, Mr. Bilbray, Mr. Bishop of Utah, 
  Mrs. Blackburn, Mr. Boehner, Mr. Bonner, Mr. Boustany, Mr. Broun of 
Georgia, Mr. Burgess, Mr. Burton of Indiana, Mr. Calvert, Mr. Camp, Mr. 
 Cantor, Mrs. Capito, Mr. Carter, Mr. Coble, Mr. Coffman of Colorado, 
 Mr. Culberson, Mr. Davis of Kentucky, Mr. Diaz-Balart, Mr. Duncan of 
 South Carolina, Mr. Duncan of Tennessee, Mr. Flake, Mr. Fleming, Mr. 
 Forbes, Mr. Franks of Arizona, Mr. Gallegly, Mr. Garrett, Mr. Gibbs, 
 Mr. Gingrey of Georgia, Mr. Gohmert, Mr. Goodlatte, Ms. Granger, Mr. 
 Graves of Missouri, Mr. Hall, Mr. Heller, Mr. Hensarling, Mr. Herger, 
  Mr. Hunter, Mr. Sam Johnson of Texas, Mr. Johnson of Illinois, Mr. 
Jones, Mr. King of New York, Mr. King of Iowa, Mr. Kingston, Mr. Kline, 
Mr. Lamborn, Mr. Lance, Mr. LaTourette, Mr. Latta, Mr. Lee of New York, 
  Mr. Lewis of California, Mr. Long, Mr. Lucas, Mr. Luetkemeyer, Mr. 
  Manzullo, Mr. Marchant, Mr. McCaul, Mr. McClintock, Mr. McKeon, Mr. 
  Mica, Mr. Gary G. Miller of California, Mr. Miller of Florida, Mrs. 
Myrick, Mr. Neugebauer, Mr. Nunes, Mr. Olson, Mr. Pence, Mr. Pitts, Mr. 
Platts, Mr. Poe of Texas, Mr. Posey, Mr. Price of Georgia, Mr. Rehberg, 
Mr. Reichert, Mr. Roe of Tennessee, Mr. Rogers of Kentucky, Mr. Rogers 
   of Alabama, Mr. Ross of Florida, Mrs. Schmidt, Mr. Sessions, Mr. 
 Shimkus, Mr. Shuster, Mr. Stearns, Mr. Terry, Mr. Tiberi, Mr. Walden, 
 Mr. Westmoreland, Mr. Wilson of South Carolina, Mr. Young of Florida, 
  and Mr. Young of Alaska) 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''.

SEC. 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 investments through any pension funds.''.
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