HR 4879 · 118th Congress · Finance and Financial Sector
Holding Chinese Listed Companies Accountable Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Financial Services.(2023-07-25)
Plain Language Summary
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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. …
Summarized by Claude AI · Non-partisan · For informational purposes only