SAFE Act

This bill (S 1357, the SAFE Act) requires companies seeking to list securities on U.S. exchanges or already listed to disclose specific ties to the Chinese government. It mandates annual disclosures on whether the Chinese government provided financial support (like subsidies, loans, or tax breaks), the conditions attached to that support (such as export requirements or intellectual property use), the presence of Chinese Communist Party committees within the company, and details about officers/directors with prior government roles in China. The disclosure rules apply to all issuers filing reports under Section 13(a) of the Securities Exchange Act. The Securities and Exchange Commission must implement these rules within 180 days of the bill's enactment.