To require the Securities and Exchange Commission to assess whether certain information related to support from the Government of China is necessary or appropriate for the purposes of certain reports under the securities laws, and for other purposes.
About This Bill
Committee
Latest Action · September 11, 2020
Referred to the House Committee on Financial Services.
Transparency in Chinese Government Investment Act of 2020
This bill requires the Securities and Exchange Commission (SEC) to report on whether certain disclosures by an issuer of securities organized under the laws of China are necessary or appropriate under investor protection and fair dealing requirements. Specifically, the SEC must report on the necessity of disclosures by these issuers regarding their material financial support for certain Chinese policies or plans, material financial support received from China, and certain individuals' involvement with the Chinese government. If these disclosures are found to be necessary or appropriate, the SEC must prescribe regulations requiring such disclosures.
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