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Increased Transparency for Foreign Companies Listed in the US

New rules enhance transparency regarding stock transactions by directors and major shareholders of foreign companies listed on US exchanges. This aims to better protect investors and ensure all market participants operate on a level playing field, regardless of the company's origin.
Key points
Requirement for directors and major shareholders of foreign companies to disclose stock transactions, similar to US companies.
The Securities and Exchange Commission (SEC) has 90 days to issue implementing regulations.
The changes aim to increase market confidence and protect investors from unfair practices.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1089
Sponsor: Sen. Kennedy, John [R-LA]
Process start date: 2025-03-24
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Summarized by: gemini-2.5-flash
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 119_S_1089.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-03-24.

What are the main provisions?

Key points include:

  • Requirement for directors and major shareholders of foreign companies to disclose stock transactions, similar to US companies.
  • The Securities and Exchange Commission (SEC) has 90 days to issue implementing regulations.
  • The changes aim to increase market confidence and protect investors from unfair practices.
What is the specific legal status?

The current status is Introduced.

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 2025-12-23.

CATEGORIES

Economy Courts and Law