The legislation is aimed at ensuring 'foreign companies' listed for trading on US stock exchanges are subject to the same rigorous accounting audit oversight as U.S. companies.
'Foreign companies' … we all know who this is aimed at, right?
Statement from US Congressman Brad Sherman, who is also Chair of the House Financial Services Subcommittee on Investor Protection
Sherman is a House Dem, the prickly relations with China are a bipartisan affair in the US.
