The bill, S. 1357, aims to amend the Securities Exchange Act of 1934 to address the issuance of securities by Chinese entities. It requires companies looking to list their securities in the United States to disclose whether they receive financial support from the Chinese...
Simple Explanation
The bill wants Chinese companies that want to sell stock in the U.S. to tell everyone if they get any help or money from the Chinese government. It also asks them to share if there are any groups from the Chinese government involved in their company.