Sec. 103. Imposition of shareholder cap on Chinese investors in United States corporations
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/bill/116/s/2/is/section-103A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 13(d) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m(d) ) is amended by adding at the end the following: In this paragraph, the term covered issuer means any issuer that produces components that may be used in the production of goods manufactured or produced in, or exported from, the People's Republic of China and included in the most recent list required under section 183 of the Trade Act of 1974, determined in consultation with the United States Trade Representative.
No covered issuer that is incorporated under the laws of a State, or whose principal place of business is within a State, may be majority-owned by a person whose principal place of business is in the People’s Republic of China. The prohibition in subparagraph
(B)shall apply to any acquisition on or after the date of enactment of this paragraph. .
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Sec. 103
Imposition of shareholder cap on Chinese investors in United States corporations
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