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S. 945: Holding Foreign Companies Accountable Act

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A bill to amend the Sarbanes-Oxley Act of 2002 to require certain issuers to disclose to the Securities and Exchange Commission information regarding foreign jurisdictions that prevent the Public Company Accounting Oversight Board from performing inspections under that Act, and for other purposes.

The bill’s titles are written by its sponsor.

Sponsor and status

John Kennedy

Sponsor. Junior Senator for Louisiana. Republican.

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Last Updated: May 20, 2020
Length: 10 pages
Introduced
Mar 28, 2019
116th Congress (2019–2021)
Status

Passed Senate (House next) on May 20, 2020

This bill passed in the Senate on May 20, 2020 and goes to the House next for consideration.

Prognosis
48% chance of being enacted according to Skopos Labs (details)
Source

Position statements

What legislators are saying

Rubio Welcomes Report by Presidents Working Group on Financial Markets to Address Chinas Exploitation of U.S. Financial System
    — Sen. Marco Rubio [R-FL] on Aug 7, 2020

Rubio Urges Presidents Working Group on Financial Markets to Address Chinas Exploitation of U.S. Financial System
    — Sen. Marco Rubio [R-FL] on Jul 21, 2020

Rubio Applauds Senate Passage of Legislation to Ban Chinese & Foreign Firms That Flaunt U.S. Laws From U.S. Exchanges
    — Sen. Marco Rubio [R-FL] on May 20, 2020

More statements at ProPublica Represent...

History

Mar 28, 2019
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

May 20, 2020
 
Passed Senate (House next)

The bill was passed in a vote in the Senate. It goes to the House next. The vote was by Unanimous Consent so no record of individual votes was made.

If this bill has further action, the following steps may occur next:
 
Passed House

 
Signed by the President

S. 945 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number S. 945. This is the one from the 116th Congress.

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“S. 945 — 116th Congress: Holding Foreign Companies Accountable Act.” www.GovTrack.us. 2019. September 21, 2020 <https://www.govtrack.us/congress/bills/116/s945>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.