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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 (subsidies, loans, tax breaks).
They must state if the Chinese government imposes conditions on exports, purchases, intellectual property, or hiring party members.
Disclosure of Chinese Communist Party committees within the company, their composition, and roles is required.
Information on officers and directors who held or hold positions with the Chinese Communist Party or Chinese government must be provided.
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Additional Information
Print number: 119_S_1357
Sponsor: Sen. Scott, Rick [R-FL]
Process start date: 2025-04-08
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
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 119_S_1357.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-04-08.

What are the main provisions?

Key points include:

  • Chinese companies must disclose if they receive financial support from the Chinese government (subsidies, loans, tax breaks).
  • They must state if the Chinese government imposes conditions on exports, purchases, intellectual property, or hiring party members.
  • Disclosure of Chinese Communist Party committees within the company, their composition, and roles is required.
  • Information on officers and directors who held or hold positions with the Chinese Communist Party or Chinese government must be provided.
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. 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 2025-12-23.

CATEGORIES

Economy