HFSC Targets China’s Investor Risk
Ahead of HFSC’s Investor Protection Subcommittee hearing tomorrow on China’s risk to U.S. investors, the majority staff memo indicates that Members will discuss ongoing concerns not only with China, but perhaps other issuers, looking at draft legislation from Subcommittee Chairman Sherman (D-CA) to shorten by one year the time foreign companies are permitted to comply with PCAOB audits before delisting.