Holding Foreign Insiders Accountable Act
This bill amends the Securities Exchange Act of 1934 to require foreign private issuers (companies based outside the U.S. that trade securities here) to follow the same reporting rules as domestic companies. It directly affects foreign-owned companies and their executives, mandating they disclose stock ownership and transactions. The key provision expands existing Section 16(a) disclosure requirements to include foreign private issuers, invalidating conflicting SEC regulations. The SEC must issue final rules within 90 days of the bill's enactment to implement these changes.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2023
Committee Review
Floor Vote
President
Introduced Apr 17, 2023
Last action Apr 17, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Apr 17, 2023
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Apr 17, 2023
Introduced
Introduced in Senate
upper
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
John Kennedy
RRepublican
Co
Chris Van Hollen
DDemocratic
Co
Raphael G. Warnock
DDemocratic
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