US bill to delist Chinese companies from stock exchanges passes in House of Representatives
- The Holding Foreign Companies Accountable Act would punish firms that do not comply with auditing oversight rules
- The legislation now moves to US President Donald Trump’s desk for his signature, though he has not indicated whether he will sign it into law
Corrected [7:44am, 3 Dec, 2020]
- [7:44am, 3 Dec, 2020]
An earlier version of this article incorrectly stated that the House legislation needs to be reconciled with the Senate's. The two versions are identical.
- [4:09pm, 3 Dec, 2020]
An earlier version of this article incorrectly stated that the bill could lead to Tencent being forced off US exchanges. Tencent shares are actually listed in Hong Kong.