Bill > S3286

This bill requires the Securities and Exchange Commission (SEC) to amend its rules to enhance disclosure requirements for advisers of private funds. Specifically, it mandates that covered entities (those required to file Form PF) and exempt reporting advisers must annually disclose the total private fund assets they have in "countries of concern" (defined as covered nations under U.S. law and certain jurisdictions under the political/legal control of covered nations), broken down by the percentage of assets in each such country. The bill also requires the SEC to publicly report on which covered entities and advisers have disclosed more than 0% of their private fund assets in countries of concern. Additionally, the bill introduces new disclosure requirements for issuers conducting certain exempted securities transactions, such as the identity of the issuer, its country of incorporation, and the intended use of the transaction proceeds, including the percentage allocated to countries of concern.

Housing and Urban Affairs

https://www.congress.gov/bill/118th-congress/senate-bill/3286/all-info