The U.S. Senate has passed a bill which could delist Chinese companies from stock exchanges.

The S.945 bill under the Holding Foreign Companies Accountable Act can block several Chinese companies from selling shares in U.S. stock exchanges.

The S.945 bill under the Holding Foreign Companies Accountable Act can block several Chinese companies from selling shares in U.S. stock exchanges.The bill which was passed in the Senate on 20 May 2020 directs publicly traded companies to establish that they are not owned or controlled by a foreign government. The bill specifically mentions that foreign companies would need to disclose information related to any board members who are officials of the Chinese Communist Party and whether the articles of incorporation of the company contain any charter of the Chinese Communist Party.

The bill has to be passed by the House of Representatives before being signed into law by President Trump.