3.0.0 499 2024-07-24T15:23:42Z 2024-07-24T15:23:42Z House H HR 2023-01-25 118 [Congressional Record Volume 169, Number 16 (Wednesday, January 25, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. FALLON:H.R. 499.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the United States ConstitutionThe single subject of this legislation is:The Securities and Exchange Commission shall requireChinese-based companies listed on US exchanges to discloseinformation regarding their business opertaions.[Page H324]]]> hsba00 Financial Services Committee House Standing Referred to 2023-01-25T15:02:00Z 2023-01-25 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2023-01-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-01-25 Introduced in House IntroReferral 1000 9 Library of Congress F000246 Rep. Fallon, Pat [R-TX-4] Pat Fallon R TX 4 N E000071 Rep. Ellzey, Jake [R-TX-6] Jake Ellzey R TX 6 2023-01-25 True J000304 Rep. Jackson, Ronny [R-TX-13] Ronny Jackson R TX 13 2023-01-25 True A000369 Rep. Amodei, Mark E. [R-NV-2] Mark Amodei R NV E. 2 2023-01-25 True L000578 Rep. LaMalfa, Doug [R-CA-1] Doug LaMalfa R CA 1 2023-01-26 False W000823 Rep. Waltz, Michael [R-FL-6] Michael Waltz R FL 6 2023-01-27 False D000594 Rep. De La Cruz, Monica [R-TX-15] Monica De La Cruz R TX 15 2023-01-27 False D000032 Rep. Donalds, Byron [R-FL-19] Byron Donalds R FL 19 2023-02-24 False Finance and Financial Sector Finance and Financial Sector 2023-03-10T16:00:25Z 00 2023-01-25 Introduced in House 2023-04-03T18:32:01Z Securing American Families and Enterprises from People's Republic of China Investments Act or the SAFE from PRC Investments Act

This bill requires certain issuers of securities and funds traded on an exchange to report on connections to China or the Communist Party of China. In particular, an issuer with specified connections to China must annually disclose a variety of details, including

  • whether executive-level employees, senior directors, or board members are members of the Communist Party of China;
  • interactions with the party;
  • expenditures in China;
  • expenditures in the United States regarding operations and lobbying activities; and
  • the ability of the Public Company Accounting Oversight Board to audit the issuer.

Additionally, an exchange-traded fund that invests in a Chinese company must annually disclose about that company

  • ownership information,
  • party involvement,
  • whether the company participates in specified Chinese policies or activities,
  • any ties to U.S.-sanctioned individuals, and
  • the types of products or services produced by the company.
]]> SAFE from PRC Investments Act Display Title 45 SAFE from PRC Investments Act 2024-07-24T15:23:42Z Short Title(s) as Introduced 101 SAFE from PRC Investments Act 2024-05-24T13:42:20Z Introduced in House IH Short Title(s) as Introduced 101 Securing American Families and Enterprises from People’s Republic of China Investments Act 2024-05-24T13:42:20Z Introduced in House IH Official Title as Introduced 6 To amend the Securities Exchange Act of 1934 to require certain additional annual disclosures by public companies and exchange-traded funds investing in companies with ties to the People's Republic of China, and for other purposes. 2024-03-18T20:14:01Z Introduced in House IH Introduced in House 2023-01-25T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr499ih/xml/BILLS-118hr499ih.xml 2023-01-25 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.