S 854 118th Congress Senate

SAFE Act

Official title: A bill to amend the Securities Exchange Act of 1934 to address the issuance of securities by Chinese entities, and for other purposes.

Introduced: March 16, 2023 Introduced by: Scott, Rick Republican · Florida See on congress.gov

Finance and Financial Sector

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 16, 2023

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Mar 16, 2023

Introduced in Senate

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Latest action March 16, 2023

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Plain-English summary Congressional Research Service

Secure America's Financial Exchanges Act or the SAFE Act

This bill requires an issuer of securities, as a condition of listing its securities on a national exchange, to disclose (1) any financial support from China and the terms of any such support, and (2) whether any officer or director holds or previously held a position with the Chinese government or with the Chinese Communist Party.

Bill text 1 version