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Reviewing Transparency of China-Linked Financial Firms in US Markets

This act requires the U.S. Securities and Exchange Commission (SEC) to conduct a study on the transparency and cooperation of financial firms (brokers, dealers, investment advisers) connected to the People's Republic of China. The goal is to better understand their operations in the American market, which could potentially lead to future measures enhancing investor protection.
Key points
The U.S. government is initiating a study of financial firms linked to China operating in American markets.
The study will assess the transparency and cooperation of these firms, potentially influencing future regulations and investor safety.
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Additional Information
Print number: 119_S_3405
Sponsor: Sen. McCormick, David [R-PA]
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

PRC Financial Intermediary Review Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_3405.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

What are the main provisions?

Key points include:

  • The U.S. government is initiating a study of financial firms linked to China operating in American markets.
  • The study will assess the transparency and cooperation of these firms, potentially influencing future regulations and investor safety.
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 2026-01-11.

CATEGORIES

Economy Courts and Law