Section 1 Short title
This Act may be cited as the “PRC Financial Intermediary Review Act”.
PRC Financial Intermediary Review Act
A BILL
To require the Securities and Exchange Commission to conduct a study regarding certain brokers and dealers that are controlled by or organized under the laws of the People’s Republic of China, and for other purposes.
Sec. 2 Study and report
Not later than 1 year after the date of the enactment of this Act, the Securities and Exchange Commission shall—
conduct a study on the transparency of, and cooperation regarding—
brokers and dealers that are—
members of a national securities association and registered with the Securities and Exchange Commission; and
controlled by or organized under the laws of the People’s Republic of China; and
investment advisers that are registered with the Securities and Exchange Commission and controlled by or organized under the laws of the People’s Republic of China; and
submit to Congress a report that includes the results of the study conducted under paragraph (1).