President Donald Trump signed into law a measure that will kick publicly traded Chinese companies off U.S.-based exchanges if they refuse to allow U.S. regulators to examine their finances.
Called the “Holding Foreign Companies Accountable Act,” the new law (S.945) will delist a foreign-owned company that refuses to comply with the U.S. Public Company Accounting Oversight Board’s (PCAOB) audit requirements for three consecutive years.
