SAFE Act

S 854, the SAFE Act, requires companies listing securities on U.S. exchanges to disclose specific ties to the Chinese government. It directly affects issuers seeking initial listings or filing annual reports, mandating them to report: (1) any Chinese government financial support (like subsidies or tax benefits), (2) conditions attached to that support (such as export requirements), (3) Chinese Communist Party committees within the company, and (4) officers/directors with Chinese government ties. The Securities and Exchange Commission must implement these rules within 180 days of the bill’s enactment. The law aims to increase transparency about foreign government influence on U.S.-listed companies.