Bill > S3926

This bill, the Secure America's Financial Exchanges Act (SAFE Act), amends the Securities Exchange Act of 1934 to address the issuance of securities by Chinese entities. The key provisions require issuers, before their initial listing on a US exchange and in annual reports, to disclose whether the Chinese government has provided them with any financial support, the conditions under which such support was provided, whether there are any Chinese Communist Party committees established within the issuer, and information about officers or directors who hold or previously held positions with the Chinese government or Communist Party. The bill directs the Securities and Exchange Commission to make any necessary rule amendments within 180 days of enactment.