Disclosing Investments in Foreign Adversaries Act of 2025

Sponsor: Rick Scott (Republican-FL)December 18, 2025

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Requires financial firms to reveal investments in certain foreign countries.

This bill would make financial firms tell the public about their investments in certain foreign countries. It would require investment advisers and companies making specific large transactions to report these ties to the government. This would give investors and the public more information about where money is invested.

What Would Change

Today, the SEC does not specifically require financial firms to report their investments in or ties to "countries of concern." If this bill becomes law, certain investment advisers managing at least $150 million in private funds and companies making large private stock sales (at least $25 million) would have to report these details to the SEC. The SEC would then make this information public in annual and quarterly reports, giving investors and the public more transparency about these financial connections.

Key Provisions

Requires the SEC to publish annual reports listing investment advisers with private fund assets in "countries of concern."
Requires the SEC to publish quarterly reports on companies making large private stock sales linked to "countries of concern."
Requires investment advisers managing at least $150 million in private funds to report their assets in "countries of concern" annually.
Requires companies making certain private stock sales of $25 million or more to disclose their ties to "countries of concern" and how they will use the money.
Gives the SEC power to create new rules for these disclosures and limit future private stock sales for companies that do not comply.

View on Congress.gov

S 3562 · 119th Congress · December 18, 2025 · AI Summary by gemini-2.5-flash · 10/10

Disclosing Investments in Foreign Adversaries Act of 2025

What Would Change

Key Provisions

Lobbying Activity