summary
Introduced
12/09/2025
12/09/2025
In Committee
12/09/2025
12/09/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A BILL To require the Securities and Exchange Commission to conduct a study regarding certain brokers and dealers that are controlled by or organized under the laws of the People’s Republic of China, and for other purposes.
AI Summary
This bill, titled the "PRC Financial Intermediary Review Act," requires the Securities and Exchange Commission (SEC) to conduct a study and report to Congress within one year of enactment. The study will focus on the transparency and cooperation of financial firms, specifically brokers and dealers that are registered with the SEC and are either controlled by or organized under the laws of the People's Republic of China (PRC), as well as investment advisers similarly controlled by or organized under PRC law. The purpose of this review is to examine these entities operating within the U.S. financial markets.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 12/09/2025)
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/119th-congress/senate-bill/3405/all-info |
| BillText | https://www.congress.gov/119/bills/s3405/BILLS-119s3405is.pdf |
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