CONGRESS FOR VOTERS

RepublicanSecond Degree Amendment · S.Amdt. 3703· Senate(119-SAMDT-3703)

To address disclosures by directors, officers, and principal stockholders of foreign private issuers.

Rep. Kennedy
Age: 75 years
Louisiana
Introduced
9/2/2025
Last activity
10/9/2025 — Amendment SA 3703 agreed to in Senate by Voice Vote.
Sponsored by
John Kennedy
Cosponsors
Republican - 0Democrat - 1
Changes amendment
119-SAMDT-3748
On the bill
119-S-2296 — National Defense Authorization Act for Fiscal Year 2026
  1. Introduced
  2. Passed Senate
  3. Adopted

What this amendment would do

SA 3703, also known as the Holding Foreign Insiders Accountable Act, is an amendment proposed by Mr. Kennedy and Mr. Van Hollen to be added to bill S. 2296.

The purpose of this amendment is to change the Securities Exchange Act of 1934 to require certain disclosures from directors, officers, and principal stockholders. Specifically, it aims to:

  • Add every person who is a director or an officer of a foreign private issuer to the group of people required to make disclosures.
  • Require these disclosures to be made electronically and in English.
  • Set a deadline for disclosures for foreign private issuers whose securities were registered under section 12 (subsections b or g) as of the date of enactment.
  • Require the Securities and Exchange Commission to issue or amend regulations within 90 days to carry out these changes.