Bill > S854

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 to disclose whether the Government of the People's Republic of China has provided them with any financial support, the conditions under which such support was provided, the existence of any Chinese Communist Party committees within the issuer, and information about any officers or directors who hold or previously held positions with the Chinese government or Communist Party. The Securities and Exchange Commission is required to make any necessary amendments to its rules within 180 days of the bill's enactment.