PRC Broker-Dealers and Investment Advisers Moratorium Act

# PRC Broker-Dealers and Investment Advisers Moratorium Act Summary **What the Bill Would Do** This bill would temporarily halt the approval of new broker-dealers and investment advisers from the People's Republic of China (PRC). Broker-dealers buy and sell securities, while investment advisers manage people's money and investments. The moratorium would prevent these Chinese financial entities from obtaining licenses to operate in the United States during the specified period. **Who It Affects and Key Provisions** The bill primarily affects Chinese financial companies seeking to enter or expand in the U.S. market.

It would also indirectly impact American investors and financial institutions, potentially limiting certain investment options while aiming to address national security and economic concerns related to Chinese financial participation in U.S. markets. The specific details of how long the moratorium would last and any exceptions aren't outlined in the available information. **Current Status** The bill was introduced by Senator David McCormick (R-PA) in the 119th Congress and is currently in committee, meaning it has not yet advanced to a full Senate vote. It remains in the early stages of the legislative process.