SEC would study financial firms linked to China to boost transparency.
This bill would require the Securities and Exchange Commission (SEC) to study certain financial companies. These companies are brokers, dealers, and investment advisers controlled by or organized under the laws of China. The goal is to understand their transparency and cooperation, with a report sent to Congress within one year.
Today, the Securities and Exchange Commission (SEC) is not specifically required to study the transparency of financial firms linked to China. If this bill becomes law, the SEC would have to conduct such a study and send a report to Congress within one year, providing new information on these companies.
S 3405 · 119th Congress · December 9, 2025 · AI Summary by gemini-2.5-flash · 8/10
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