Sec. 3. Additional disclosure
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In this section— the term audit report has the meaning given the term in section 2(a) of the Sarbanes-Oxley Act of 2002 ( 15 U.S.C. 7201(a) ); the term Commission means the Securities and Exchange Commission; the term covered form — means— the form described in section 249.310 of title 17, Code of Federal Regulations, or any successor regulation; and the form described in section 249.220f of title 17, Code of Federal Regulations, or any successor regulation; and includes a form that— is the equivalent of, or substantially similar to, the form described in clause
(i)or
(ii)of subparagraph (A); and a foreign issuer files with the Commission under the Securities Exchange Act of 1934 ( 15 U.S.C. 78a et seq.) or rules issued under that Act; the terms covered issuer and non-inspection year have the meanings given the terms in subsection (i)(1) of section 104 of the Sarbanes-Oxley Act of 2002 ( 15 U.S.C. 7214 ), as added by section 2 of this Act; and the term foreign issuer has the meaning given the term in section 240.3b–4 of title 17, Code of Federal Regulations, or any successor regulation. Each covered issuer that is a foreign issuer and for which, during a non-inspection year with respect to the covered issuer, a registered public accounting firm described in subsection (i)(2)(A) of section 104 of the Sarbanes-Oxley Act of 2002 ( 15 U.S.C. 7214 ), as added by section 2 of this Act, has prepared an audit report shall disclose in each covered form filed by that issuer that covers such a non-inspection year— that, during the period covered by the covered form, such a registered public accounting firm has prepared an audit report for the issuer; the percentage of the shares of the issuer owned by governmental entities in the foreign jurisdiction in which the issuer is incorporated or otherwise organized; whether governmental entities in the applicable foreign jurisdiction with respect to that registered public accounting firm have a controlling financial interest with respect to the issuer; the name of each official of the Chinese Communist Party who is a member of the board of directors of— the issuer; or the operating entity with respect to the issuer; and whether the articles of incorporation of the issuer (or equivalent organizing document) contains any charter of the Chinese Communist Party, including the text of any such charter.
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