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Increased Transparency for Chinese Companies on US Stock Exchanges

New rules require Chinese companies listed on US exchanges to disclose information about financial support from the Chinese government and ties to the Chinese Communist Party. This aims to enhance investment security and protect American investors from hidden risks.
Key points
Chinese companies must disclose if they receive financial support from the Chinese government (e.g., subsidies, tax breaks).
They must report the conditions of this support, including any requirements regarding exports or employment of party members.
Disclosure of Chinese Communist Party committees within the company and the roles of their members is required.
Information must be provided on officers and directors who hold or held positions with the Chinese Communist Party or the Chinese government.
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Expired
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Additional Information
Print number: 117_S_3926
Sponsor: Sen. Scott, Rick [R-FL]
Process start date: 2022-03-24
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SAFE Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3926.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-03-24.

What are the main provisions?

Key points include:

  • Chinese companies must disclose if they receive financial support from the Chinese government (e.g., subsidies, tax breaks).
  • They must report the conditions of this support, including any requirements regarding exports or employment of party members.
  • Disclosure of Chinese Communist Party committees within the company and the roles of their members is required.
  • Information must be provided on officers and directors who hold or held positions with the Chinese Communist Party or the Chinese government.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Scott, Rick [R-FL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy