A bill to amend the Securities Exchange Act of 1934 to address disclosures by directors, officers, and principal stockholders of foreign private issuers, and for other purposes.
3/25/2025, 10:56 AMSummary of Bill S 1089
Bill 119 s 1089, also known as the "Foreign Issuer Disclosure Enhancement Act," aims to amend the Securities Exchange Act of 1934 in order to improve disclosures made by directors, officers, and principal stockholders of foreign private issuers. The bill seeks to enhance transparency and accountability within the financial markets by requiring these individuals to provide more detailed information about their financial interests and transactions.Specifically, the bill would require foreign private issuers to disclose any transactions involving their securities, as well as any changes in their ownership of these securities. This information would need to be reported to the Securities and Exchange Commission (SEC) in a timely manner, ensuring that investors have access to up-to-date and accurate information about the individuals who play key roles within these companies.
In addition to enhancing disclosures, the bill also aims to strengthen enforcement mechanisms by empowering the SEC to take action against individuals who fail to comply with these reporting requirements. By holding directors, officers, and principal stockholders accountable for their financial activities, the bill seeks to promote greater trust and confidence in the integrity of the financial markets. Overall, Bill 119 s 1089 represents a bipartisan effort to improve transparency and accountability within the financial industry, ultimately benefiting investors and promoting a more level playing field for all market participants.
Current Status of Bill S 1089
Bill S 1089 is currently in the status of Bill Introduced since March 24, 2025. Bill S 1089 was introduced during Congress 119 and was introduced to the Senate on March 24, 2025. Bill S 1089's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 24, 2025Bipartisan Support of Bill S 1089
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 1089
Primary Policy Focus
Alternate Title(s) of Bill S 1089
A bill to amend the Securities Exchange Act of 1934 to address disclosures by directors, officers, and principal stockholders of foreign private issuers, and for other purposes.A bill to amend the Securities Exchange Act of 1934 to address disclosures by directors, officers, and principal stockholders of foreign private issuers, and for other purposes.Comments
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Sponsors and Cosponsors of S 1089
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