S 3405 · 119th Congress · Finance and Financial Sector

PRC Financial Intermediary Review Act

Introduced 2025-12-09· Sponsored by Sen. McCormick, David [R-PA]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2025-12-09)

Plain Language Summary

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3405 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 3405 To require the Securities and Exchange Commission to conduct a study regarding certain brokers and dealers that are controlled by or organized under the laws of the People's Republic of China, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES December 9, 2025 Mr. McCormick (for himself and Mr. Fetterman) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To require the Securities and Exchange Commission to conduct a study regarding certain brokers and dealers that are controlled by or organized under the laws of the People's Republic of China, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``PRC Financial Intermediary Review Act''. SEC. 2. STUDY AND REPOR…

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

Cosponsors (1)

1 Democrat