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PRC Broker-Dealers and Investment Advisers Moratorium Act

In committee: it can still change before the session ends.

US HR 9028 · House Bill · 119th Congress

Draft a letter
Stage
In committee
Started in
House
Sponsors
2
Latest action
May 26, 2026

What it does

The PRC Broker-Dealers and Investment Advisers Moratorium Act would prohibit brokers, dealers, and investment advisers with certain ties to the People’s Republic of China from registering with the Securities and Exchange Commission, including entities organized under Chinese law, those controlled by Chinese entities or nationals residing in China, or those receiving specific technology or support services from Chinese-affiliated associated persons or affiliates. The prohibitions would automatically expire five years after the bill’s enactment. The bill affects financial professionals and firms seeking SEC registration that have defined connections to China’s jurisdiction or nationals.

No official summary is available here. This one was written by AI from the bill’s text.

Read the full textRead it on the official site

Where it stands

  1. Introduced (Done)

    May 26, 2026

  2. Committee (Current step)

    In committee · May 26, 2026

  3. Floor (Not started)

  4. Law (Not started)

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

Where it goes next

While a bill can still move, the questions are about people and money.

Work with this bill

PRC Broker-Dealers and Investment Advisers Moratorium Act | 52