Johnson_Act

Johnson Act

Johnson Act

1934 United States legislation

This article is about the 1934 Johnson Act. It is not to be confused with the 1954 Johnson Amendment.

The Johnson Act of 1934 (Foreign Securities Act, ch. 112, 48 Stat. 574, 18 U.S.C. § 955, 1934-04-13) prohibited foreign nations in debt from marketing their bond issues in the United States. The law was enacted on April 13, 1934, and although it was impacted by the Bretton-Woods Agreement, it was not repealed and continues to have the force of law.

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