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The US House of Representatives passes a law to expel Chinese companies from the stock market

    The US House of Representatives passes a law to expel Chinese companies from the stock market

    • 2020-12-04 17:51:22
    • 52
    The US House of Representatives passes a law to expel Chinese companies from the stock market

    The US House of Representatives passed a law threatening to expel Chinese companies from the stock market in the United States of America if they do not commit to disclosing whether the company is owned by a foreign government or not.
    The American Securities Association welcomed the law requiring the government to act toward Chinese companies that do not adhere to standards required of them by the middle of the year.
    This decision is awaiting approval by US President Donald Trump, however, this decision does not have a strong impact in the short term, as companies will be banned if they do not comply with the standards for 3 consecutive years.