The PRC Financial Intermediary Review Act directs the Securities and Exchange Commission to study Chinese-controlled brokers, dealers, and investment advisers operating in the U.S. financial system. Specifically, the SEC must examine the transparency and level of cooperation from these firms—including those registered with the SEC and affiliated with national securities associations—and assess any risks they may pose. The agency is required to submit a report of its findings to Congress within one year of the bill's enactment. The legislation does not authorize new funding or establish enforcement actions, but rather seeks information to inform future policy decisions about foreign financial intermediaries in American markets.
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