S-945 : Became Public Law


Holding Foreign Companies Accountable Act

This bill requires certain issuers of securities to establish that they are not owned or controlled by a foreign government. Specifically, an issuer must make this certification if the Public Company Accounting Oversight Board is unable to audit specified reports because the issuer has retained a foreign public accounting firm not subject to inspection by the board. Furthermore, if the board is unable to inspect the issuer's public accounting firm for three consecutive years, the issuer's securities are banned from trade on a national exchange.

Action Timeline

Action DateTypeTextSource
2020-12-18PresidentBecame Public Law No: 116-222.Library of Congress
2020-12-18PresidentSigned by President.Library of Congress
2020-12-08FloorPresented to President.House floor actions
2020-12-02FloorMotion to reconsider laid on the table Agreed to without objection.House floor actions
2020-12-02FloorOn motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H6031-6032)House floor actions
2020-12-02FloorDEBATE - The House proceeded with forty minutes of debate on S. 945.House floor actions
2020-12-02FloorConsidered under suspension of the rules. (consideration: CR H6031-6035)House floor actions
2020-12-02FloorMr. Clay moved to suspend the rules and pass the bill.House floor actions
2020-05-22FloorHeld at the desk.House floor actions
2020-05-22FloorReceived in the House.House floor actions
2020-05-22FloorMessage on Senate action sent to the House.Senate
2020-05-20FloorPassed Senate with an amendment by Unanimous Consent. (text of amendment in the nature of a substitute: CR S2520)Senate
2020-05-20FloorMeasure laid before Senate by unanimous consent. (consideration: CR S2519-2520)Senate
2020-05-20DischargeSenate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.Senate
2019-12-10CommitteeCommittee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-272.Senate
2019-06-04CommitteeCommittee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-41.Senate
2019-03-28IntroReferralRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.Senate
2019-03-28IntroReferralIntroduced in SenateLibrary of Congress

Policy Area :

Finance and Financial Sector
Related Subjects
  • Accounting and auditing
  • Administrative law and regulatory procedures
  • Corporate finance and management
  • Foreign and international corporations
  • Government information and archives
  • Securities
Related Geographic Entities
  • Asia
  • China
Related Organizations
  • Securities and Exchange Commission (SEC)

Related Bills

See Related Bills