Amanda argued that the law erected an unconstitutional barrier to interstate commerce and conflicted with the Williams Act, the Federal law that regulates takeovers.
Other articles in the maiden issue will examine such topics as state taxes on services and statutes regulating surrogate motherhood and corporate takeovers.
Corporate officials had argued that the states should be empowered to regulate takeovers.
The Proxmire bill also reaffirms a decision last year by the Supreme Court that gives states the power to regulate hostile takeovers.
The S.E.C. has asked for authority to pre-empt moves by states to regulate takeovers.
The choice for labor is not between lobbying for new state laws regulating takeovers or becoming a "player" in the financial markets, but instead, winning at both!
The measure touched off a nationwide debate on the state's role in regulating takeovers.
And Mr. Ruder has asked Congress to pass a bill to pre-empt state laws regulating takeovers.
Most important among these are bills for restructuring the stock market, redesigning the broker business, limiting off-market trades, banning insider trading, improving shareholders' rights and regulating takeovers.
A Federal appeals court today ordered a lower court to re-examine its 1986 ruling that an Ohio law regulating corporate takeovers is unconstitutional.
