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United States · Bill · HR

H.R. 4879 (118th)

Holding Chinese Listed Companies Accountable Act

referredUnited States· United States Congress· EN

Introduced

25 July 2023

Last action

Status

Referred to the House Committee on Financial Services.

Sponsors

Subjects

Discovery layer

Source updated

24 July 2024

Summary

Holding Chinese Listed Companies Accountable Act This bill establishes stricter requirements for Chinese companies that are publicly traded. Under current law, the Securities and Exchange Commission must delist from an exchange a publicly traded company that uses, for two consecutive years, an accounting firm not subject to Public Company Accounting Oversight Board inspections. The bill reduces this to one year for companies that are organized under Chinese laws.  

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Documents

3 official files

Introduced in House (text)

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