PRC Broker-Dealers and Investment Advisers Moratorium Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 2
- Latest action
- Jul 30, 2025
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 becoming members of national securities associations or registering with the Securities and Exchange Commission. Specifically, it bars entities controlled by Chinese-organized entities, Chinese nationals residing in China, or those with PRC-based affiliates providing essential services like software development or customer service. The prohibitions would automatically expire five years after enactment, and regulatory bodies would retain examination authority to enforce compliance, including overseas inspections.
AI summary · The lawmakers haven’t published an official summary of this bill yet, so 52 wrote this one from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.