Jul 30 2021
WASHINGTON – Sens. John Kennedy (R-La.) and Dan Sullivan (R-Alaska) today issued the following statement regarding Securities and Exchange Commission (SEC) Chairman Gary Gensler’s announcement that the SEC would increase scrutiny on Chinese companies seeking to be listed on U.S. exchanges.
“We appreciate SEC Chair Gensler’s quick public response to our recent letter on the risks to American investors posed by U.S.-listed Chinese companies. While we were encouraged to see that the SEC seems to be taking the recent developments seriously, there is much more to be done. We will be watching closely to ensure that the SEC follows through on the execution using all tools at its disposal, including the delisting authority of the Holding Foreign Companies Accountable Act, to protect American investors.”