# 119-s-1356: TICKER Act

119-s-1356, TICKER Act, is a 119th Congress bill sponsored by Sen. Scott, Rick [R-FL] (R-FL); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-s-1356
- 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-1356
- Congress: 119
- Title: TICKER Act
- Status: introduced
- Introduced: 2025-04-08
- Sponsor: Sen. Scott, Rick [R-FL] (R-FL)
- Cosponsors: 2
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Clear, standardized warnings and ticker labeling for consolidated variable interest entities.** This bill would require exchanges and brokers to mark and warn about CVIEs so U.S. investors can see the risks of no direct ownership or limited legal recourse. - Exchanges would have to include a visible label in the trading symbol for any consolidated variable interest entity listed on a national securities exchange. The labeling requirement would apply to listings 180 days after enactment. - Brokers and dealers would be required to provide warnings to investors that purchases of covered entities may lack legal recourse, with the rule effective no later than 180 days after enactment. - The bill emphasizes standardized, accessible risk disclosures for foreign‑based CVIEs, calling out risks for entities tied to the People's Republic of China so U.S. investors can more easily recognize those structures.

## Cosponsors (2)

- Sen. Shaheen, Jeanne [D-NH] (D-NH), 2025-04-08T00:00:00.000Z
- Sen. Van Hollen, Chris [D-MD] (D-MD), 2025-04-09T00:00:00.000Z

## Provisions PRIA read

- Ticker labels for covered entities: benefit, medium. If enacted, national stock exchanges would have to mark the trading symbol for any listed covered entity (a consolidated variable interest entity). This change would take effect on the date that is 180 days after enactment and would apply to covered entities listed on or after that date. The label…
- New investor warnings for CVIEs: benefit, low. If enacted, the SEC would require brokers and dealers, starting no later than 180 days after enactment, to give warnings to investors who buy or are offered investments in covered entities (consolidated variable interest entities). The warning must say that investors in these entities may lack lega…

## Related bills

- 119-s-1748: Kids Online Safety Act
- 119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026
- 119-s-1241: Sanctioning Russia Act of 2025
- 119-s-3302: Mikaela Naylon Give Kids a Chance Act of 2025
- 119-s-1816: Improving Seniors’ Timely Access to Care Act of 2025
- 119-s-2120: Older Americans Act Reauthorization Act of 2025

## Sources
- [119-s-1356 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1356)

## Related
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026](https://policyrisk.com/legislation/119-s-5025)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-s-3302: Mikaela Naylon Give Kids a Chance Act of 2025](https://policyrisk.com/legislation/119-s-3302)
- [119-s-1816: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-s-1816)
- [119-s-2120: Older Americans Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-s-2120)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1356 (as of 2025-12-21).