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Increased Transparency for Foreign Companies Listed in the US

New rules enhance disclosure requirements for directors and major shareholders of foreign companies whose shares are listed in the United States. This aims to ensure that citizens investing in these companies have access to similar information as with American companies, potentially impacting the security of their investments.
Key points
Directors and major shareholders of foreign companies listed in the US must disclose their stock transactions.
The changes aim to increase transparency and ensure equal rules for all investors.
The Securities and Exchange Commission (SEC) has 90 days to implement new regulations.
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Expired
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Additional Information
Print number: 117_S_4127
Sponsor: Sen. Kennedy, John [R-LA]
Process start date: 2022-05-03
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Holding Foreign Insiders Accountable Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4127.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-05-03.

What are the main provisions?

Key points include:

  • Directors and major shareholders of foreign companies listed in the US must disclose their stock transactions.
  • The changes aim to increase transparency and ensure equal rules for all investors.
  • The Securities and Exchange Commission (SEC) has 90 days to implement new regulations.
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. Kennedy, John [R-LA].

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