Bills · S 2552
IN COMMITTEE· 119TH CONGRESS
Senate BillS 2552Finance and Financial Sector
PRC Broker-Dealers and Investment Advisers Moratorium Act
INTRO JUL 30· LAST ACTION JUL 30
READING
4MIN
COSPONSORS
1
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters to voters because it addresses concerns about foreign influence and potential risks in the U.S. financial system. If passed, it would tighten who can operate in American markets, potentially enhancing security and protecting investors by limiting firms with direct ties to China. This could lead to a more secure, albeit potentially less competitive, market, especially for services like investment advice and securities trading.
Without this bill, financial firms with significant ties to the People's Republic of China would continue to operate under existing regulations, which may not include the specific prohibitions outlined here. The bill's temporary nature (a five-year limit) also means that its long-term impact on market structure and foreign relations would need to be re-evaluated in the future.
KEY PROVISIONS
4AI-extractedPROVISION 01
Prohibits U.S. broker-dealers from being members of national securities associations if they are controlled by entities or nationals of the People's Republic of China or rely on PRC-based affiliates for essential services.
This limits the ability of certain foreign-controlled financial firms to operate in the U.S. securities market.
PROVISION 02
Prohibits investment advisers from registering with the Securities and Exchange Commission (SEC) if they have similar control or affiliate connections to the People's Republic of China.
This restricts which foreign-connected firms can provide investment advice to U.S. clients.
PROVISION 03
Grants national securities associations and the SEC examination authority over covered firms, including their foreign facilities, to ensure compliance with the prohibitions.
This provides the necessary enforcement tools to monitor and verify that firms meet the new requirements.
PROVISION 04
Establishes a five-year termination date for all prohibitions, meaning the restrictions would expire unless renewed.
This makes the bill a temporary measure, requiring re-evaluation of its impact after five years.
SPONSORSHIP
1 + 1
R· Pennsylvania
YRS IN OFFICE
1
BILLS LED
46
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 1 REP 0 IND 0
ACTION TIMELINE
2 EVENTSJUL 30
Introduced in Senate
JUL 30
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
BILL INFO
TypeSenate Bill
NumberS 2552
Congress119th
StatusIn Committee
IntroducedJul 30, 2025
Last actionJul 30, 2025
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IN COMMITTEE· 119TH CONGRESS · BANKING, HOUSING, AND URBAN AFFAIRS COMMITTEE · INTRODUCED JUL 30, 2025
Senate BillS 2552Finance and Financial Sector
PRC Broker-Dealers and Investment Advisers Moratorium Act
INTRODUCED JUL 30, 2025· LAST ACTION JUL 30, 2025
PASSAGE CHANCES
—%
READING
4 min
COSPONSORS
1
COMPLEXITY
Moderate
