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Amendments · SAMDT 3703
ADOPTED· 119TH CONGRESS· SENATE
Senate AmendmentSAMDT 3703
To address disclosures by directors, officers, and principal stockholders of foreign private issuers.
PROPOSED OCT 9· LAST ACTION OCT 9
- Adopted, not yet law
- Amendment, not the bill
- Effect depends on parent bill
DISPOSITION
ADOPTED
OCT 9
“Amendment SA 3703 agreed to in Senate by Voice Vote.”
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SUMMARY
WHAT THIS CHANGES
This amendment requires leaders and major shareholders of foreign companies listed on U.S. stock exchanges to publicly disclose their stock holdings and trades. It aims to ensure that foreign company insiders follow the same transparency rules that are already required for leaders of American companies.
§ 04
KEY POINTS
2POINT 01
Closes a reporting loophole
It removes an exemption that previously allowed foreign insiders to keep their stock trades private while U.S. insiders had to report them.
POINT 02
Increases market transparency
Investors gain better insight into whether company leaders are buying or selling their own company's shares, which can be an indicator of a company's health.
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ACTION TIMELINE
6 EVENTSOCT 9
Amendment SA 3703 agreed to in Senate by Voice Vote.
OCT 9
Amendment SA 3703 proposed by Senator Wicker for Senator Kennedy to Amendment SA 3748. (consideration: CR S7074-7086)
OCT 9
Senate amendment proposed (on the floor): Amendment SA 3703 proposed by Senator Wicker for Senator Kennedy to Amendment SA 3748.
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AMENDMENT INFO
TypeSenate Amendment
NumberSAMDT 3703
Congress119th
ChamberSenate
StatusADOPTED
ProposedOct 9, 2025
SubmittedSep 2, 2025
Last actionOct 9, 2025
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ADOPTED· 119TH CONGRESS · SENATE · PROPOSED OCT 9, 2025
Senate AmendmentSAMDT 3703
To address disclosures by directors, officers, and principal stockholders of foreign private issuers.
PROPOSED OCT 9, 2025· SUBMITTED SEP 2, 2025· LAST ACTION OCT 9, 2025
DISPOSITION
ADOPTED
COSPONSORS
1
DAYS SINCE ACTION
351
