The bill would require that foreign companies let the Public Company Accounting Oversight Board oversee the auditing of their financial records if they want to raise money by selling stocks or bonds to the American public. All U.S. companies and most foreign entities already work with the PCAOB in this way, but Chinese companies do not.
everyone listed on our exchanges should be subject to our laws...should never have been otherwise.
You mean they weren't under the authority of US securities laws, already?! WTF? And people invested anyway?!
There's the mountainous haystack of Corruption. Now, go find the needle of Justice.
Uh, so you're telling me that they currently DON'T have to follow U.S. Law?
Speechless.
Crazy right?