Mandating disclosure of private fund investments in foreign adversary countries.
This Act mandates that large investment advisers and securities issuers disclose their assets and planned investments in countries designated as foreign adversaries to the United States. The goal is to enhance transparency regarding capital flows, helping policymakers and the public assess geopolitical and financial risks. Citizens will benefit from public SEC reports detailing which entities are investing in these regions.
Key points
Large private funds (managing over $150 million) must annually report the total percentage of assets held in designated 'countries of concern'.
Issuers conducting large private securities transactions (over $25 million) must disclose if they intend to invest the proceeds in a country of concern.
The SEC is required to prepare and make public quarterly and annual reports listing the entities that disclose investments in these adversarial nations, increasing public oversight.
Status:
Introduced
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