PRC Financial Intermediary Review Act

This bill would require the Securities and Exchange Commission (SEC) to study certain financial firms tied to the People's Republic of China within one year after the law takes effect. The study would look at the transparency of, and cooperation regarding, brokers and dealers registered with the SEC that are controlled by or organized under the laws of China. It would also cover SEC-registered investment advisers that are controlled by or organized under the laws of China. The SEC would then have to send Congress a report with the study's results.

Full text and official record on Congress.gov

Sponsors

• David McCormick Republican sponsor
• 1 cosponsors