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Increased Transparency for Foreign Firms: New Disclosure Rules

This act enhances transparency for foreign companies listed on U.S. exchanges. Citizens investing in such firms will have better access to information about transactions made by their directors and principal stockholders, which can aid in making more informed investment decisions and protect their interests.
Key points
Greater Transparency: Directors and principal stockholders of foreign companies will be required to disclose their stock transactions, similar to their U.S. counterparts.
Investor Protection: The new rules aim to better protect American investors by providing them with access to key information about the activities of foreign company management.
Level Playing Field: The act seeks to standardize disclosure rules for domestic and foreign companies, potentially impacting market stability.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_7019
Sponsor: Rep. Luetkemeyer, Blaine [R-MO-3]
Process start date: 2024-01-17
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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 118_HR_7019.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-01-17.

What are the main provisions?

Key points include:

  • Greater Transparency: Directors and principal stockholders of foreign companies will be required to disclose their stock transactions, similar to their U.S. counterparts.
  • Investor Protection: The new rules aim to better protect American investors by providing them with access to key information about the activities of foreign company management.
  • Level Playing Field: The act seeks to standardize disclosure rules for domestic and foreign companies, potentially impacting market stability.
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 Rep. Luetkemeyer, Blaine [R-MO-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy