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Bill > S4127


US S4127

US S4127
Holding Foreign Insiders Accountable Act


summary

Introduced
05/03/2022
In Committee
05/03/2022
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To amend the Securities Exchange Act of 1934 to address disclosures by directors, officers, and principal stock- holders of foreign private issuers, and for other purposes.

AI Summary

This bill, the Holding Foreign Insiders Accountable Act, amends the Securities Exchange Act of 1934 to address disclosures by directors, officers, and principal stockholders of foreign private issuers. Specifically, it requires these insiders to report their ownership and transactions in securities of foreign private issuers, similar to the reporting requirements for domestic issuers. The bill also directs the Securities and Exchange Commission to issue or amend regulations within 90 days to implement this new reporting requirement for foreign private issuers.

Committee Categories

Housing and Urban Affairs

Sponsors (2)

Last Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 05/03/2022)

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