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Pelosi says House is looking at bill that could delist some Chinese companies from US stock exchanges

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Speaker Nancy Pelosi (D-Calif.) said Thursday that the House is taking a look at a bipartisan Senate-passed bill that could result in barring…
Speaker Nancy Pelosi (D-Calif.) said Thursday that the House is taking a look at a bipartisan Senate-passed bill that could result in barring some Chinese companies from listing shares on U. S. stock exchanges.
«We’ll review it in the House. I’ve asked my committees to take a look at what it is,» Pelosi said during an interview with Bloomberg Television.
The Senate passed legislation by unanimous consent on Wednesday that would require public companies to disclose whether they are owned or controlled by a foreign government and submit to audits that can be reviewed by the Public Company Accounting Oversight Board.
Under the bill authored by Sens. John Kennedy (R-La.) and Chris Van Hollen (D-Md.), a company that doesn’t comply with the oversight board’s audits for three consecutive years would be banned from being listed on U.

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