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Investment Safety: Banning Listings of Companies Linked to Adversarial Threats.

This law aims to secure US financial markets by prohibiting stock exchanges from listing securities issued by companies deemed dangerous or adversarial. This includes entities linked to forced labor, Chinese military operations, or those failing to meet US auditing standards. For citizens, this means greater protection for their investments and retirement funds by limiting exposure to high-risk entities.
Key points
US stock exchanges must prohibit the listing of securities from companies linked to forced labor (e.g., in Xinjiang) or identified as Chinese military companies.
The ban also applies to firms providing restricted communications equipment or those non-compliant with SEC auditing requirements.
The goal is to protect investors and enhance financial security, but the rule does not apply to securities already listed before the law takes effect.
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Expired
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Additional Information
Print number: 118_S_4590
Sponsor: Sen. Scott, Rick [R-FL]
Process start date: 2024-06-18
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

TRADE SAFE Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_4590.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-06-18.

What are the main provisions?

Key points include:

  • US stock exchanges must prohibit the listing of securities from companies linked to forced labor (e.g., in Xinjiang) or identified as Chinese military companies.
  • The ban also applies to firms providing restricted communications equipment or those non-compliant with SEC auditing requirements.
  • The goal is to protect investors and enhance financial security, but the rule does not apply to securities already listed before the law takes effect.
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 2025-12-26.

CATEGORIES

Economy Security