PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the House Committee on Financial Services.
Congressional Research Service
Version 00 · Introduced in House · Jan 25, 2023
Securing American Families and Enterprises from People's Republic of China Investments Act or the SAFE from PRC Investments Act
This bill requires certain issuers of securities and funds traded on an exchange to report on connections to China or the Communist Party of China. In particular, an issuer with specified connections to China must annually disclose a variety of details, including
whether executive-level employees, senior directors, or board members are members of the Communist Party of China;
interactions with the party;
expenditures in China;
expenditures in the United States regarding operations and lobbying activities; and
the ability of the Public Company Accounting Oversight Board to audit the issuer.
Additionally, an exchange-traded fund that invests in a Chinese company must annually disclose about that company
ownership information,
party involvement,
whether the company participates in specified Chinese policies or activities,
any ties to U.S.-sanctioned individuals, and
the types of products or services produced by the company.
People & committees
Rep. Fallon, Pat [R-TX-4] · R–TX
Legislative record
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Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Primary sources
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No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Jul 24, 2024. Consult Congress.gov for the current record.
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