,,ii  #aaith ,,congress  #ast ,session  
,s4 #cdje  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,december #i1  
#bjbe,mr4 ,mc,cormick 7for himself and  
,mr4 ,fetterman7 introduced the         
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to require the ,securities and 
,exchange ,commission to conduct a study
 regarding certain brokers and dealers  
that are controlled by or organized     
under the laws of the ,people's         
,republic of ,china1 and for other      
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,,prc ,financial    
,intermediary ,review ,act4  #b4 ,study 
and report ,not later than #a year after
 the date of the enactment of this ,act1
 the ,securities and ,exchange          
,commission shall-- 7#a7 conduct a study
 on the transparency of1 and cooperation
 regarding-- 7,a7 brokers and dealers   
that are-- 7i7 members of a national    
securities association and registered   

with the ,securities and ,exchange      
,commission2 and  7ii7 controlled by or 
organized under the laws of the         
,people's ,republic of ,china2 and  7,b7
 investment advisers that are registered
 with the ,securities and ,exchange     
,commission and controlled by or        
organized under the laws of the         
,people's ,republic of ,china2 and  7#b7
 submit to ,congress a report that      
includes the results of the study       
conducted under paragraph 7#a74