Holding Foreign Companies Accountable Act (S.945)

End The Sweetheart Deal Joe Biden Gave The Chinese Communists

Since 2013, through a sweetheart deal negotiated by then-Vice President Joe Biden, Chinese companies have been allowed to participate in U.S. stock and bond exchanges without having to fully comply with the same Sarbanes-Oxley Act accounting practices and risk disclosure required of American companies. Now the Committee on the Present Danger: China has launched a campaign demanding the Securities and Exchange Commission, and the Public Company Accounting Oversight Board:cancel the agreement.