summary
Introduced
04/17/2023
04/17/2023
In Committee
04/17/2023
04/17/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A bill to amend the Securities Exchange Act of 1934 to address disclosures by directors, officers, and principal stockholders 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 require directors, officers, and principal stockholders of foreign private issuers (companies not based in the U.S. that have shares traded in U.S. markets) to disclose their ownership and trades of the company's securities, the same as U.S. domestic companies. The bill directs the Securities and Exchange Commission (SEC) to issue or amend regulations within 90 days to implement this new disclosure requirement for foreign private issuers, overriding any existing SEC regulations that may be inconsistent with this change.
Committee Categories
Housing and Urban Affairs
Sponsors (3)
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 04/17/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/1169/all-info |
| BillText | https://www.congress.gov/118/bills/s1169/BILLS-118s1169is.pdf |
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