HR 4879
118th Congress
House
Finance and Financial Sector
Holding Chinese Listed Companies Accountable Act
Introduced: July 25, 2023
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 25, 2023
Introduced in House
Jul 25, 2023
Referred to the House Committee on Financial Services.
Plain-English summary
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.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1
Cosponsors
1