H.R. 4879 — Introduced in House

I 118th CONGRESS 1st Session H. R. 4879 IN THE HOUSE OF REPRESENTATIVES July 25, 2023Mr. Luetkemeyer (for himself and Mr. Sherman) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Sarbanes-Oxley Act of 2002 to specify that the trading prohibition for certain Chinese issuers that retain public accounting firms that have not been subject to inspection by the Public Company Accounting Oversight Board shall apply after 1 year, and for other purposes. 1. Short title This Act may be cited as the Holding Chinese Listed Companies Accountable Act. 2. Trading prohibition for certain Chinese issuers Section 104(i)(3) of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7214(i)(3)) is amended— (1) in the paragraph heading, by inserting (or 1 year in the case of a Chinese company) after non-inspections; and (2) in subparagraph (A), in the matter preceding clause (i), by inserting (or 1 non-inspection year in the case of a covered issuer organized under the laws of the People’s Republic of China) after years.