H. R. 7019, also known as the "Holding Foreign Insiders Accountable Act," aims to update the Securities Exchange Act of 1934. The bill focuses on improving transparency by requiring directors, officers, and major stockholders of foreign private issuers to publicly disclose...
Simple Explanation
H. R. 7019 is a new rule that asks important people in foreign companies to tell everyone about their stocks to make sure everything is honest and clear. The people in charge of checking these rules have to make sure the new rule is followed very soon.