summary
Introduced
01/17/2024
01/17/2024
In Committee
01/17/2024
01/17/2024
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 (as defined in SEC regulations) to disclose their ownership of the company's securities, consistent with the existing disclosure requirements for domestic publicly traded companies. The bill also specifies that any existing SEC regulations that are inconsistent with this new disclosure requirement will have no force or effect, and directs the SEC to issue or amend regulations to implement the new disclosure rules within 90 days of the bill's enactment.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Referred to the House Committee on Financial Services. (on 01/17/2024)
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/house-bill/7019/all-info |
| BillText | https://www.congress.gov/118/bills/hr7019/BILLS-118hr7019ih.pdf |
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