To require the Securities and Exchange Commission to amend the rules of the Commission relating to disclosures by advisers of private funds, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To require the Securities and Exchange Commission to amend the rules of the Commission relating to disclosures by advisers of private funds, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Environment, Labor.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section S1: 1. Short title This Act may be cited as the Disclosing Investments in Foreign Adversaries Act of 2023.
- Section id938e0aafd13d4fa7b53f28d45b1ee0f9: 2. Definitions In this Act: The term Commission means the Securities and Exchange Commission. The term country of concern— has the meaning given the term...
- Section id8fea218dd939420dacf27450ecd2b4a8: 3. Enhanced disclosure requirements for advisers of private funds Not later than 1 year after the date of enactment of this Act, the Commission shall amend...
- Section idbf4e9c70a2f942a5855acee6cef158be: 4. Exempted transactions The Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) is amended by inserting after section 13A (15 U.S.C. 78m–1) the following:...
- Section id1d1a099ec4b049c692712bd8589a64a2: 13B. Disclosure requirements relating to certain exempted transactions In this section: The term beneficial owner means a person that is determined to be a...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To require the Securities and Exchange Commission to amend the rules of the Commission relating to disclosures by advisers of private funds, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Environment, Labor
Primary Purpose
This bill, To require the Securities and Exchange Commission to amend the rules of the Commission relating to disclosures by advisers of private funds, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Casey (for himself and Mr. Scott of Florida) introduced …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → The commission identified in the operative section
- "secretary_of_treasury"
- → Secretary of the Treasury
Key Definitions
Terms defined in this bill
an offer or sale of a security that is— exempt from registration under section 5 of the Securities Act of 1933 (15 U.S.C. 77e)
the Securities and Exchange Commission. The term country of concern— has the meaning given the term covered nation in section 4872(d) of title 10, United States Code
an offer or sale of a security that is— exempt from registration under section 5 of the Securities Act of 1933 (15 U.S.C. 77e)
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology