{"id":25037,"date":"2020-05-20T18:01:21","date_gmt":"2020-05-21T01:01:21","guid":{"rendered":"https:\/\/lapost.us\/?p=25037"},"modified":"2020-05-20T18:01:21","modified_gmt":"2020-05-21T01:01:21","slug":"senate-passes-holding-foreign-companies-accountable-act","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=25037","title":{"rendered":"Senate passes Holding Foreign Companies Accountable Act"},"content":{"rendered":"<p>The Senate passed legislation on Wednesday that could ban many Chinese companies from listing shares on U.S. exchanges or raising money from American investors without adhering to Washington\u2019s regulatory and audit standards.<\/p>\n<p>The bill, sponsored by Louisiana Republican Sen. John Kennedy, would require companies to certify\u00a0that \u201cthey are\u00a0not owned or controlled by a foreign government.\u201d\u00a0Alibaba, an e-commerce giant based in China, saw its U.S.-listed shares fall more than 2% on the news.<\/p>\n<div class=\"BoxInline-container  \">\n<div id=\"BoxInline-ArticleBody-5\" class=\"BoxInline-container\" data-module=\"mps-slot\">\n<div id=\"div-gpt-boxinline-2011112601\" class=\"mps-slot\" data-mps-slot=\"boxinline\" data-mps-loadset=\"0\"><\/div>\n<\/div>\n<\/div>\n<p>Though the law could be applied to any foreign company that seeks access to U.S. capital, lawmakers say the move to strengthen disclosure requirements is aimed principally at Beijing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Senate passed legislation on Wednesday&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,7],"tags":[],"class_list":["post-25037","post","type-post","status-publish","format-standard","hentry","category-business","category-u-s-a"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/25037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25037"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/25037\/revisions"}],"predecessor-version":[{"id":25038,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/25037\/revisions\/25038"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}