SB3286: Disclosing Investments in Foreign Adversaries Act of 2023
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to require the Securities and Exchange Commission to amend the rules of the Commission relating to disclosures by advisors of private funds, and for other purposes.
Plain-language summary
This bill would require the Securities and Exchange Commission (SEC), the federal agency that oversees stock markets and investments, to create new disclosure rules for private fund advisors. Private fund advisors manage investment pools for wealthy clients and currently have limited transparency requirements. The bill would force these advisors to reveal their investments in foreign adversaries—countries considered hostile to the United States. The bill was introduced in 2023 and is currently awaiting review.
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SB3286: Disclosing Investments in Foreign Adversaries Act of 2023