IA 

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. 

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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2 

•HJ 57 IH 

JOINT RESOLUTION 

Proposing an amendment to the Constitution of the United 

States to prohibit the United States from owning stock 

in corporations. 

1 Resolved by the Senate and House of Representatives 

2 of the United States of America in Congress assembled

3 (two-thirds of each House concurring therein), 

4 SECTION 1. SHORT TITLE. 

5 This joint resolution may be cited as the ‘‘Preserving 

6 Capitalism in America Amendment’’ 

7 SECTION 2. CONSTITUTIONAL AMENDMENT. 

8 That the following article is proposed as an amend9 ment to the Constitution of the United States, which shall 

10 be valid to all intents and purposes as part of the Con11 stitution when ratified by the legislatures of three-fourths 

12 of the several States within seven years after the date of 

13 its submission for ratification: 

14 ‘‘ARTICLE— 

15 ‘‘The United States shall not own, subscribe to, or 

16 otherwise have any interest in the stock or equity of any 

17 company, association or corporation: Provided, That the 

18 foregoing prohibition shall not apply to any public author19 ity or to any public use corporation, or to any investments 

20 through any pension funds.’’. 

Æ 


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