Van Hollen Statement on SEC Action to Finalize Implementation of the Holding Foreign

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December 02, 2021

Today, U.S. Senator Chris Van Hollen (D-Md.) released the following statement regarding the U.S. Securities and Exchange Commission’s (SEC) released interim final rule implementing Senator Van Hollen’s Holding Foreign Companies Accountable Act.

“It’s our job to protect American investors from fraudulent businesses seeking to take advantage of them. Requiring all publicly listed companies on our U.S. exchanges to be held to the same standards is the best way to do that. I’m glad to see the SEC finalize the implementation of our Holding Foreign Companies Accountable Act in order to help ensure Chinese companies are playing by the rules and to safeguard the millions of American families who rely on investments to retire, send their kids to college, and weather financial emergencies. I was proud to lead this bipartisan effort and will continue fighting to improve our financial system for everyday Americans.”