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Restrictions on Investment Firms with China Ties

New rules temporarily restrict broker-dealers and investment advisers with strong ties to the People's Republic of China. This aims to enhance security in the U.S. financial market. Citizens might experience changes in the availability of certain investment services if they use firms affected by these regulations.
Key points
Broker-dealers controlled by Chinese entities or nationals, or relying on their essential services, will be barred from U.S. securities associations.
Investment advisers with similar China connections will be prohibited from registering with the U.S. Securities and Exchange Commission.
These regulations are temporary and will expire five years after their enactment.
article Official text account_balance Process page
Introduced
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Additional Information
Print number: 119_S_2552
Sponsor: Sen. McCormick, David [R-PA]
Process start date: 2025-07-30
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

PRC Broker-Dealers and Investment Advisers Moratorium Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_2552.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-07-30.

What are the main provisions?

Key points include:

  • Broker-dealers controlled by Chinese entities or nationals, or relying on their essential services, will be barred from U.S. securities associations.
  • Investment advisers with similar China connections will be prohibited from registering with the U.S. Securities and Exchange Commission.
  • These regulations are temporary and will expire five years after their enactment.
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. McCormick, David [R-PA].

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 Security