Holding Chinese Listed Companies Accountable Act
- Last Action
- 7/25/2023
Actions
- 2023-07-25Referred to the House Committee on Financial Services.
- 2023-07-25Introduced in House
- 2023-07-25Introduced in House
CRS Summary
As of 2023-07-25 (00)
Holding Chinese Listed Companies Accountable Act
This bill establishes stricter requirements for Chinese companies that are publicly traded.
Under current law, the Securities and Exchange Commission must delist from an exchange a publicly traded company that uses, for two consecutive years, an accounting firm not subject to Public Company Accounting Oversight Board inspections.
The bill reduces this to one year for companies that are organized under Chinese laws.
Cosponsors (1)
- BRAD SHERMAN (D-CA)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.