[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4879 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 4879

  To amend the Sarbanes-Oxley Act of 2002 to specify that the trading 
 prohibition for certain Chinese issuers that retain public accounting 
 firms that have not been subject to inspection by the Public Company 
  Accounting Oversight Board shall apply after 1 year, and for other 
                               purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             July 25, 2023

Mr. Luetkemeyer (for himself and Mr. Sherman) introduced the following 
    bill; which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
  To amend the Sarbanes-Oxley Act of 2002 to specify that the trading 
 prohibition for certain Chinese issuers that retain public accounting 
 firms that have not been subject to inspection by the Public Company 
  Accounting Oversight Board shall apply after 1 year, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Holding Chinese Listed Companies 
Accountable Act''.

SEC. 2. TRADING PROHIBITION FOR CERTAIN CHINESE ISSUERS.

    Section 104(i)(3) of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 
7214(i)(3)) is amended--
            (1) in the paragraph heading, by inserting ``(or 1 year in 
        the case of a chinese company)'' after ``non-inspections''; and
            (2) in subparagraph (A), in the matter preceding clause 
        (i), by inserting ``(or 1 non-inspection year in the case of a 
        covered issuer organized under the laws of the People's 
        Republic of China)'' after ``years''.
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