Chinese companies would have to reveal more ties to the Chinese government before listing on U.S. exchanges. They would also have to update that information each year.
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SAFE Act is a Senate bill in committee. The latest recorded action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Latest action on S. 1357: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who this affects: This bill mainly affects Chinese companies that receive financial support from the Government of the People’s Republic of China and want access to U.S. stock exchanges. It also affects investors, stock exchanges, the Securities and Exchange Commission, and company leaders whose party or government ties would have to be reported.
Why this matters: This bill matters because investors may not always see how much support or influence the Chinese government has in a listed company. The bill would put more of that information into required filings before and after a company lists in the United States. It could help investors judge risk, but it could also make U.S. listings less attractive to some Chinese companies. The bill text alone does not show how large those effects would be.
You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.
