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Passed both the house and senate. it took effect on january 1st, 1994. ross perot was born in 1930 in texas where his father ran a cotton hill. he graduated from the navel academy in 1953 and spent four years at sea. he started electronic data systems in the early 1960s. it later became one of the world's largest technology services companies, processing data. perot became a billionaire in 1984 when he sold a controlling interest to general motors for $2.5 billion. a couple of years later, he started a second data processing company, perot systems corporation. it sold to dell in 2009 for almos...

Started a second data processing company, perot systems corporation. it sold to dell in 2009 for almost $4 billion. in 1969, president richard nixon asked perot to seek better treatment for u.s. prisoners of war in north vietnam. he traveled where he mess with ambassadors from russia and north vietnam. perot made headlines again in 1979 when two eds employees were taken hostage during the revolution in iran, he organized and paid for a successful private mission to rescue the men and bring them home. perot ran for president again in 1996, but this time he was barred from the debates, so he bou...