S. 1089 proposes changes to the Securities Exchange Act of 1934, specifically aimed at increasing transparency and accountability. The bill mandates that directors, officers, and major stockholders of foreign companies that issue securities in the U.S. must make certain...
Simple Explanation
S. 1089 is like a new rule that makes important people who help run foreign companies tell more about what they're doing when their company sells shares in the U.S., so that everything is fair and clear.