# 119-s-1089: Holding Foreign Insiders Accountable Act

119-s-1089, Holding Foreign Insiders Accountable Act, is a 119th Congress bill sponsored by Sen. Kennedy, John [R-LA] (R-LA); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-s-1089
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1089
- Congress: 119
- Title: Holding Foreign Insiders Accountable Act
- Status: introduced
- Introduced: 2025-03-24
- Sponsor: Sen. Kennedy, John [R-LA] (R-LA)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Expands insider reporting to cover securities of foreign private issuers.** It would extend Section 16(a)(1) reporting obligations to include securities of firms that meet the "foreign private issuer" definition in 17 C.F.R. 240.3b-4 and order rapid regulatory action to implement the change. - Insiders: Corporate insiders subject to Section 16 would have to report transactions in securities of foreign private issuers the same way they report domestic securities. - Foreign private issuers: Securities of companies defined by reference to 17 C.F.R. 240.3b-4 would fall under Section 16 reporting requirements. - SEC and rules: The Securities and Exchange Commission would have 90 days to issue final regulations or amend existing rules to carry out the change. If any provision of 17 C.F.R. 240.3a12-3(b) is inconsistent with the amendment, that provision would have no force or effect.

## Cosponsors (1)

- Sen. Van Hollen, Chris [D-MD] (D-MD), 2025-03-24T00:00:00.000Z

## Provisions PRIA read

- New insider reporting for foreign issuers: mixed, medium. If enacted, this bill would make insiders of foreign private issuers file the same SEC reports as U.S. insiders. The SEC would have 90 days after enactment to write or update rules. Any existing SEC rule that conflicts with the change would have no force to that extent. Investors could get more inf…

## Related bills

- 119-s-1748: Kids Online Safety Act
- 119-s-873: Fighter Force Preservation and Recapitalization Act of 2025
- 119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026
- 119-s-3940: Access to Fair Financing for Opportunity and Resilient Development Act
- 119-s-3524: American Battlefield Protection Program Amendments Act of 2025
- 119-s-2461: Promotion and Expansion of Private Employee Ownership Act of 2025

## Sources
- [119-s-1089 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1089)

## Related
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-873: Fighter Force Preservation and Recapitalization Act of 2025](https://policyrisk.com/legislation/119-s-873)
- [119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026](https://policyrisk.com/legislation/119-s-5025)
- [119-s-3940: Access to Fair Financing for Opportunity and Resilient Development Act](https://policyrisk.com/legislation/119-s-3940)
- [119-s-3524: American Battlefield Protection Program Amendments Act of 2025](https://policyrisk.com/legislation/119-s-3524)
- [119-s-2461: Promotion and Expansion of Private Employee Ownership Act of 2025](https://policyrisk.com/legislation/119-s-2461)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1089 (as of 2025-12-21).