Sign up for our newsletter

Below is a report that DML News gives a 4 OUT OF 4 STARS trustworthiness rating. We base this rating on the following criteria:

  • Provides named sources
  • Reported by more than one notable outlet
  • Does not insert opinion or leading words
  • Includes supporting video, direct statements, or photos

Click here to read more about our rating system.

As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by FOXBUSINESS.COM:

The House of Representatives will vote Wednesday on a bill aimed at boosting oversight of companies from China and elsewhere that are listed on U.S. stock exchanges.

Such firms are not required to adhere to the same investor protection rules, including audit requirements, as U.S. companies, a disparity highlighted by the fraud allegations at China-based Luckin Coffee this year.

The article goes on to state the following:

The Holding Foreign Companies Accountable Act, introduced by Sens. John Kennedy, R-La., and Chris Van Hollen, D-Md., would, if signed into law by President Trump, tighten the rules for such companies, forcing them to undergo an audit from the Public Company Accounting Oversight Board. Those failing to do so each year over a three-year period would be delisted.

To get more information about this article, please visit FOXBUSINESS.COM.

Sign up for our newsletter
Previous articleWATCH: Texas sheriff comes to Congress with powerful message for ‘extreme’ defund the police movement
Next articleREPORT: Supreme Court Justice Uses Legal Term ‘Illegal Alien’ in SCOTUS Hearing



Please enter your comment!
Please enter your name here