House Defense Bill Amendment Adds Reporting Requirements for Chinese Investment Firms Raising Capital in the U.S.

Last week, the U.S. House of Representatives voted to adopt an amendment led by Congressman Brad Sherman (D-CA) as part of the annual defense bill, which would require that "China-based issuers of certain unregistered securities provide basic information about themselves to the U.S. Securities and Exchange Commission (SEC) when offering such securities in the United States."