Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.
Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.
Became law without a recorded vote. It passed by voice vote or unanimous consent, which don't record how each member voted.
R
KennedySponsor4 cosponsors · 1 D, 3 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- Senate Introduced Mar 28, 2019
- Senate Passed May 20, 2020
- House Passed Dec 2, 2020
- President To the President Dec 8, 2020
- President Signed Dec 18, 2020
- Law Dec 18, 2020
This bill requires certain issuers of securities to establish that they are not owned or controlled by a foreign government.
What it does: CRS summary · Public Law · Dec 18, 2020
Holding Foreign Companies Accountable Act
This bill requires certain issuers of securities to establish that they are not owned or controlled by a foreign government. Specifically, an issuer must make this certification if the Public Company Accounting Oversight Board is unable to audit specified reports because the issuer has retained a foreign public accounting firm not subject to inspection by the board. Furthermore, if the board is unable to inspect the issuer's public accounting firm for three consecutive years, the issuer's securities are banned from trade on a national exchange or through other methods.
Foreign issuers of securities that use such a firm to prepare an audit report must disclose for each non-inspection year
- the percentage of shares owned by governmental entities where the issuer is incorporated,
- whether these governmental entities have a controlling financial interest,
- information related to any board members who are officials of the Chinese Communist Party, and
- whether the articles of incorporation of the issuer contain any charter of the Chinese Communist Party.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Holding Foreign Companies Accountable Act
Latest action (Dec 18, 2020): Became Public Law No: 116-222.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Mar 28, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- Senate Introduced Mar 28, 2019
- Senate Passed May 20, 2020
- House Passed Dec 2, 2020
- President To the President Dec 8, 2020
- President Signed Dec 18, 2020
- Law Dec 18, 2020
No recorded floor vote found.