S.1089

Holding Foreign Insiders Accountable Act amends the Securities Exchange Act of 1934 to require disclosures by directors, officers, and principal.

The Holding Foreign Insiders Accountable Act amends the Securities Exchange Act of 1934 to require disclosures by directors, officers, and principal stockholders of foreign private issuers. It mandates the Securities and Exchange Commission to issue or amend regulations within 90 days of enactment to implement these changes. If any existing regulation conflicts with the amendment, it will be rendered ineffective. This bill aims to ensure transparency and accountability among insiders of foreign companies trading in the U.S.