The Democratic-run House of Representatives on Wednesday passed a bill that could bar many Chinese companies from listing shares on U.S. exchanges or otherwise raising money from American investors.
The measure, known as the Holding Foreign Companies Accountable Act, could get signed into law quickly by President Donald Trump, as it was approved by the Republican-controlled Senate in May.
The bill aims to make foreign companies let the Public Company Accounting Oversight Board oversee the auditing of their financial records if they want to raise money by selling stocks or bonds to the U.S. public. All U.S. companies and most foreign companies already work with the PCAOB in this way, but Chinese ones MCHI, -0.59% do not.
Good good, I do my part. Every time I get ready to pull the trigger on a product online and notice it came from China, I back off. That happened also when I was getting ready to buy a product from Zappo’s. I was going through the process of purchasing when up pop’s a proud message in bold yellow, that they support and donate part of my money to blm. I scratched them out a courteous memo of my thoughts on the vile, nasty, violent, domestic terrorist group. Any thanked them for marketing a nice product to me for many years. I also let them know that I will miss their services and products but I’ll find some other company as long as they proudly support the low life group of unstable feral species .
All of Biden’s Stocks are in China !!! GOOD
Pelosi will protect China , who Owns her !!!