Introduced in Senate
PRC Financial Intermediary Review Act
SEC. 1. SHORT TITLETrack this section →
This Act may be cited as the PRC Financial Intermediary Review Act.
SEC. 2. STUDY AND REPORTTrack this section →
Not later than 1 year after the date of the enactment of this Act, the Securities and Exchange Commission shall— (1) conduct a study on the transparency of, and cooperation regarding— (A) brokers and dealers that are— (i) members of a national securities association and registered with the Securities and Exchange Commission; and (ii) controlled by or organized under the laws of the People’s Republic of China; and (B) investment advisers that are registered with the Securities and Exchange Commission and controlled by or organized under the laws of the People’s Republic of China; and (2) submit to Congress a report that includes the results of the study conducted under paragraph (1).