# 119-s-1357: SAFE Act

119-s-1357, SAFE 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-1357
- 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-1357
- Congress: 119
- Title: SAFE Act
- Status: introduced
- Introduced: 2025-04-08
- Sponsor: Sen. Scott, Rick [R-FL] (R-FL)
- Cosponsors: 4
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Disclosure of People's Republic of China (PRC) government ties** would be required for companies listing securities, covering state financial support, conditions tied to that support, Chinese Communist Party (CCP) committees inside firms, and officer or director ties to the CCP or PRC government. - Companies with PRC links would have to disclose whether they received PRC subsidies, grants, loans, tax concessions, procurement benefits, or other support, and the conditions attached to that support. - Investors would get that information at initial listing and in each annual report, giving more transparency about potential state influence and personnel ties. - U.S. exchanges would need rules to force these disclosures and the Securities and Exchange Commission would have 180 days after enactment to amend its rules to implement them.

## Cosponsors (4)

- Sen. Blackburn, Marsha [R-TN] (R-TN), 2025-04-08T00:00:00.000Z
- Sen. Cassidy, Bill [R-LA] (R-LA), 2025-04-08T00:00:00.000Z
- Sen. Hyde-Smith, Cindy [R-MS] (R-MS), 2025-04-08T00:00:00.000Z
- Sen. Kennedy, John [R-LA] (R-LA), 2025-04-08T00:00:00.000Z

## Provisions PRIA read

- New disclosure rules for China ties: mixed, medium. If enacted, exchanges would have to require issuers to disclose China ties before listing. Issuers would also disclose this information in each annual report filed under section 13(a). Disclosures would say whether China gave money or support, like subsidies, loans, tax breaks, or procurement benef…

## Related bills

- 119-s-4744: Take Care of America’s Veterans Act
- 119-s-1748: Kids Online Safety Act
- 119-s-3752: SAVE America Act
- 119-s-1241: Sanctioning Russia Act of 2025
- 119-s-401: Fair Access to Banking Act
- 119-s-84: Sarah's Law

## Sources
- [119-s-1357 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1357)

## Related
- [119-s-4744: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-s-4744)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-3752: SAVE America Act](https://policyrisk.com/legislation/119-s-3752)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-s-401: Fair Access to Banking Act](https://policyrisk.com/legislation/119-s-401)
- [119-s-84: Sarah's Law](https://policyrisk.com/legislation/119-s-84)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1357 (as of 2025-12-21).