S854-118

Introduced

To amend the Securities Exchange Act of 1934 to address the issuance of securities by Chinese entities, and for other purposes.

118th Congress Introduced Mar 16, 2023

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

The bill creates securities Section 6(b) of the Securities Exchange Act of 1934 (15 U.S.C. It relies on grants, loan guarantees, tax rate changes, and reporting requirements. The main policy areas are Financial Services, Finance, and Foreign Policy.

Who Benefits and How

Foreign businesses and cross-border trade participants affected by the bill could gain revenue opportunities, Financial services firms and customers affected by the bill could gain revenue opportunities, and Public beneficiaries or protected communities affected by the clause could face reduced risk.

Who Bears the Burden and How

Federal, state, or local agencies responsible for implementing the clause would take on compliance duties.

Key Provisions

  • Creates securities Section 6(b) of the Securities Exchange Act of 1934 (15 U.S.C.

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

The bill creates securities Section 6(b) of the Securities Exchange Act of 1934 (15 U.S.C.

Key Policy Areas

Financial Services, Finance, Foreign Policy

Primary Purpose

The bill creates securities Section 6(b) of the Securities Exchange Act of 1934 (15 U.S.C.

Policy Domains

Financial Services Finance Foreign Policy

Whole bill

Identified Gains
  • Foreign businesses and cross-border trade participants affected by the bill
  • Financial services firms and customers affected by the bill
  • Public beneficiaries or protected communities affected by the clause
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: is
Financial services firms and customers affected by the bill:
Public beneficiaries or protected communities affected by the clause:
Foreign businesses and cross-border trade participants affected by the bill:
Identified Costs
  • Federal, state, or local agencies responsible for implementing the clause
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: is
Federal, state, or local agencies responsible for implementing the clause:

Legislative Progress

Introduced
Introduced Committee Passed
Mar 16, 2023

Mr. Scott of Florida (for himself, Mr. Braun, Mr. Vance, …

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?

Domains
Financial Services Finance Foreign Policy

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