S. 2552
Introduced in Senate · August 8, 2025July 30, 2025
Mr. McCormick (for himself and Mr. Fetterman) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
A BILL
To amend the securities laws to prohibit brokers and dealers with certain connections to the People’s Republic of China from being members of a national securities association, to prohibit investment advisers with certain connections to the People’s Republic of China from registering with the Securities and Exchange Commission, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “PRC Broker-Dealers and Investment Advisers Moratorium Act”.