---
kind: "section"
citation: "15 U.S.C. § 7214a"
title: "15"
title_heading: "Commerce and Trade"
number: "7214a"
heading: "Additional disclosure"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/15/7214a"
units:
  - "Chapter 98 — Public Company Accounting Reform and Corporate Responsibility"
  - "Subchapter I — Public Company Accounting Oversight Board"
---

# §7214a. Additional disclosure

- (a) **Definitions—** In this section—
  - (1) the term “[audit report](/usc/15/7220.md?p=2)” has the meaning given the term in [section 7201(a) of this title](/usc/15/7201.md);
  - (2) the term “[Commission](/usc/15/7201.md?p=6)” means the [Securities](/usc/15/7201.md?p=14) and Exchange [Commission](/usc/15/7201.md?p=6);
  - (3) the term “covered form”—
    - (A) means—
      - (i) the form described in section 249.310 of title 17, Code of Federal Regulations, or any successor regulation; and
      - (ii) the form described in section 249.220f of title 17, Code of Federal Regulations, or any successor regulation; and
    - (B) includes a form that—
      - (i) is the equivalent of, or substantially similar to, the form described in clause [(i)](#a-3-A-i) or [(ii)](#a-3-A-ii) of subparagraph (A); and
      - (ii) a foreign [issuer](/usc/15/7201.md?p=7) files with the [Commission](/usc/15/7201.md?p=6) under the [Securities](/usc/15/7201.md?p=14) Exchange Act of 1934 ([15 U.S.C. 78a](/usc/15/78a.md) et seq.) or rules issued under that Act;
  - (4) the terms “covered [issuer](/usc/15/7201.md?p=7)” and “non-inspection year” have the meanings given the terms in subsection (i)(1) of [section 7214 of this title](/usc/15/7214.md), as added by [section 2](/usc/15/2.md) of this Act; and
  - (5) the term “foreign [issuer](/usc/15/7201.md?p=7)” has the meaning given the term in section 240.3b–4 of title 17, Code of Federal Regulations, or any successor regulation.
- (b) **Requirement—** Each covered [issuer](/usc/15/7201.md?p=7) that is a foreign [issuer](/usc/15/7201.md?p=7) and for which, during a non-inspection year with respect to the covered [issuer](/usc/15/7201.md?p=7), a [registered public accounting firm](/usc/15/7201.md?p=12) described in subsection (i)(2)(A) of [section 7214 of this title](/usc/15/7214.md), as added by [section 2](/usc/15/2.md) of this Act, has prepared an [audit report](/usc/15/7220.md?p=2) shall disclose in each covered form filed by that [issuer](/usc/15/7201.md?p=7) that covers such a non-inspection year—
  - (1) that, during the period covered by the covered form, such a [registered public accounting firm](/usc/15/7201.md?p=12) has prepared an [audit report](/usc/15/7220.md?p=2) for the [issuer](/usc/15/7201.md?p=7);
  - (2) the percentage of the shares of the [issuer](/usc/15/7201.md?p=7) owned by governmental entities in the foreign jurisdiction in which the [issuer](/usc/15/7201.md?p=7) is incorporated or otherwise organized;
  - (3) whether governmental entities in the applicable foreign jurisdiction with respect to that [registered public accounting firm](/usc/15/7201.md?p=12) have a controlling financial interest with respect to the [issuer](/usc/15/7201.md?p=7);
  - (4) the name of each official of the Chinese Communist Party who is a member of the [board](/usc/15/7201.md?p=5) of directors of—
    - (A) the [issuer](/usc/15/7201.md?p=7); or
    - (B) the operating entity with respect to the [issuer](/usc/15/7201.md?p=7); and
  - (5) whether the articles of incorporation of the [issuer](/usc/15/7201.md?p=7) (or equivalent organizing document) contains any charter of the Chinese Communist Party, including the text of any such charter.

## Source credit

(Pub. L. 116–222, § 3, Dec. 18, 2020, 134 Stat. 1064.)

## Notes

### Editorial Notes

### References in Text

The Securities Exchange Act of 1934, referred to in subsec. (a)(3)(B)(ii), is act June 6, 1934, ch. 404, 48 Stat. 881, which is classified principally to chapter 2B (§ 78a et seq.) of this title. For complete classification of this Act to the Code, see section 78a of this title and Tables.

Section 2 of this Act, referred to in subsecs. (a)(4) and (b), means section 2 of Pub. L. 116–222.