S 945 · 116th Congress · Finance and Financial Sector

Holding Foreign Companies Accountable Act

Introduced 2019-03-28· Sponsored by Sen. Kennedy, John [R-LA]· Senate

Bill Progress

1
Introduced
Committee
Senate Vote
House
Enacted
Latest: Became Public Law No: 116-222.(2020-12-18)

Plain Language Summary

[AI summary unavailable — showing source text] Holding Foreign Companies Accountable Act This bill requires certain issuers of securities to establish that they are not owned or controlled by a foreign government. Specifically, an issuer must make this certification if the Public Company Accounting Oversight Board is unable to audit specified reports because the issuer has retained a foreign public accounting firm not subject to inspection by the board. Furthermore, if the board is unable to inspect the issuer's public accounting firm for three consecutive years, the issuer's securities are banned from trade on a national exchange.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (4)

1 Democrat3 Republicans