Section 1. Short title
This Act may be cited as the PRC Financial Intermediary Review Act.
Section 2. Study and report
Not later than 1 year after the date of the enactment of this Act, the Securities and Exchange Commission shall—
(1) conduct a study on the transparency of, and cooperation regarding—
(A) brokers and dealers that are—
(i) members of a national securities association and registered with the Securities and Exchange Commission; and
(ii) controlled by or organized under the laws of the People’s Republic of China; and
(B) investment advisers that are registered with the Securities and Exchange Commission and controlled by or organized under the laws of the People’s Republic of China; and
(2) submit to Congress a report that includes the results of the study conducted under paragraph (1).