,,ii  #aahth ,,congress  #b;d ,session  
,s4 #deij  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #ah1     
#bjbd,mr4 ,scott of ,florida 7for       
himself1 ,mrs4 ,blackburn1 and ,mr4     
,rubio7 introduced the following bill2  
which was read twice and referred to the
 ,committee on ,banking1 ,housing1 and  
,urban ,affairs  ,a ,,bill  ,to amend   
the ,securities ,exchange ,act of #aicd 
to prohibit national securities         
exchanges from listing securities issued
 by certain entities1 and for other     
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,timely ,rejection  
of ,adversarial and ,dangerous          
,enterprises and ,securing ,american    
,financial ,exchanges ,act or the       
,,trade ,,safe ,act4  #b4 ,national     
securities exchanges  7a7 ,in general   
,section #f7;b7 of the ,securities      
,exchange ,act of #aicd 7#ae ,u4,s4,c4  
#gh;f7b77 is amended by adding at the   
end the following3  7#aa7 7,a7 ,the     
rules of the exchange prohibit the      

listing of any security issued by any of
 the following3 7i7 ,an issuer that--   
7,i7 is 7or1 at any time during the most
 recent #c-year period1 has been7       
included on-- 7aa7 a list required under
 clause 7i71 7ii71 7iv71 or 7v7 of      
section #b7;d77#b77;,b7 of the ,act     
entitled ,an ,act to ensure that goods  
made with forced labor in the ,xinjiang 
,autonomous ,region of the ,people's    
,republic of ,china do not enter the    
,united ,states market1 and for other   
purposes1 approved ,december #bc1 #bjba 
7,public ,law #aag-gh2 #ace ,stat4      
#aebg7 7commonly referred to as the     
,uyghur ,forced ,labor ,prevention      
,act72  7bb7 the list of entities       
identified by the ,secretary of ,defense
 under section #abfj;,h7a7 of the       
,william ,m4 7,mac7 ,thornberry         
,national ,defense ,authorization ,act  
for ,fiscal ,year #bjba 7,public ,law   
#aaf-bhc2 #aj ,u4,s4,c4 #aac note7 as   
,chinese military companies operating   
directly or indirectly in the ,united   

,states2 or  7cc7 the ,consolidated     
,screening ,list of the ,federal        
,government2  7,,ii7 produces or        
provides 7or1 at any time during the    
most recent #c-year period1 has produced
 or provided7 covered communications    
equipment or services1 as defined in    
section #i of the ,secure and ,trusted  
,communications ,networks ,act of #bjai 
7#dg ,u4,s4,c4 #afjh72 or  7,,iii7 at   
any time during the most recent #c-year 
period1 the ,commission has identified  
under section #ajd7;i77#b77;,a7 of the  
,sarbanes-,oxley ,act of #bjjb 7#ae     
,u4,s4,c4 #gbad7;i77#b77;,a774  7ii7 ,a 
subsidiary1 affiliated holding company1 
contract affiliate1 or consolidated     
variable interest entity of an issuer   
described in clause 7i74  7,b7          
,subparagraph 7,a7 shall not apply with 
respect to a security that is listed on 
an exchange1 as of the day before the   
effective date of this paragraph4  4    
7b7 ,effective date ,the amendment made 
by subsection 7a7 shall take effect on  

the date that is #ahj days after the    
date of enactment of this ,act4  7c7    
,study and report  7#a7 ,definitions ,in
 this subsection3 7,a7 ,commission ,the 
term ,commission means the ,securities  
and ,exchange ,commission4  7,b7        
,covered issuer ,the term covered issuer
 means an entity described in clause 7i7
 or 7ii7 of paragraph 7#aa77;,a7 of     
section #f7;b7 of the ,securities       
,exchange ,act of #aicd 7#ae ,u4,s4,c4  
#gh;f7b771 as added by subsection 7a7 of
 this section4  7,c7 ,exchange2 security
 ,the terms exchange and security have  
the meanings given those terms in       
section #c7;a7 of the ,securities       
,exchange ,act of #aicd 7#ae ,u4,s4,c4  
#gh;c7a774  7,d7 ,national securities   
exchange ,the term national securities  
exchange means an exchange registered in
 accordance with section #f of the      
,securities ,exchange ,act of #aicd 7#ae
 ,u4,s4,c4 #gh;f71 as in effect on the  
day before the date of enactment of this
 ,act4  7#b7 ,study ,the ,commission    

shall conduct a study regarding which   
covered issuers have securities listed  
on national securities exchanges1 as of 
the day before the date of enactment of 
this ,act4  7#c7 ,report ,not later than
 #ahj days after the date of enactment  
of this ,act1 the ,commission shall     
submit to ,congress1 the ,committee on  
,banking1 ,housing1 and ,urban ,affairs 
of the ,senate1 the ,committee on       
,financial ,services of the ,house of   
,representatives1 and the ,committee on 
,oversight and ,accountability of the   
,house of ,representatives1 and shall   
make publicly available1 a report that  
contains the results of the study       
conducted under paragraph 7#b74  #c4    
,congressional notification ,the        
,president shall notify ,congress not   
later than #ae days before-- 7#a7 an    
entity is removed from a list described 
in item 7aa71 7bb71 or 7cc7 of paragraph
 7#aa77;,a77i77,i7 of section #f7;b7 of 
the ,securities ,exchange ,act of #aicd 
7#ae ,u4,s4,c4 #gh;f7b771 as added by   

section #b of this ,act2  7#b7 the      
,federal ,communications ,commission    
removes any covered communications      
equipment or services from the list     
published by the ,commission pursuant to
 section #b7;a7 of the ,secure and      
,trusted ,communications ,networks ,act 
of #bjai 7#dg ,u4,s4,c4 #afja7;a772 or  
7#c7 the ,securities and ,exchange      
,commission determines that a covered   
issuer that the ,commission had         
previously identified under section     
#ajd7;i77#b77;,a7 of the                
,sarbanes-,oxley ,act of #bjjb 7#ae     
,u4,s4,c4 #gbad7;i77#b77;,a77 is no     
longer described in such section        
#ajd7;i77#b77;,a74