The Americas Financial Market Integrity and security act was introduced by U.S. Senators Marco Rubio (R-FL), Mike Braun (R-IN), Tom Cotton (R-AR), Ben Sasse (R-NE), John Kennedy (R-LA), and Rick Scott (R-FL).
“The Chinese Communist Party’s exploitation of U.S. capital markets is a clear and ongoing risk to U.S. economic and national security that must be addressed,” U.S. Senator Marco Rubio said.
This act would keep the Companies including the parent, subsidiary, affiliate, or controlling entity that is tied to the Chinese Regime From Accessing the U.S. Markets.
The companies must be listed under the U.S. Department of Commerce Entity List or the U.S. Department of Defense list of Communist Chinese military companies.
U.S. Representative Mike Gallagher (R-WI) had introduced this company legislature in the House of Representatives of the USA.
It also includes those companies which have been sanctioned by the United States government, But are operating in the USA Capital market system and are involved in the communist party’s military.
And in the made in China 2025 industrial policy.
In 2019 Senators Marco Rubio also introduced the ensuring quality information and transparency for abroad-based listings on our exchanges act. (EQUITABLE).
Whilst, Senator John Kennedy’s (R-LA) Holds the Foreign Companies Accountable Act (S.945).
For now, there are a number of Chinese companies. Including those thirty which were already identified under the list which was released in June and August 2020 by the Pentagon.