# 119-s-3405: PRC Financial Intermediary Review Act

119-s-3405, PRC Financial Intermediary Review Act, is a 119th Congress bill sponsored by Sen. McCormick, David [R-PA] (R-PA); status introduced (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-3405
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-3405
- Congress: 119
- Title: PRC Financial Intermediary Review Act
- Status: introduced
- Introduced: 2025-12-09
- Sponsor: Sen. McCormick, David [R-PA] (R-PA)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2026-04-21

## Summary

**Transparency of PRC-controlled financial intermediaries** is the bill's main goal. This bill would require the Securities and Exchange Commission to study, within one year, the transparency and cooperation of two groups: brokers and dealers that are members of a national securities association and registered with the Securities and Exchange Commission and that are controlled by or organized under the laws of the People's Republic of China, and investment advisers registered with the Securities and Exchange Commission that are controlled by or organized under those laws. The SEC would submit a report to Congress with the study's findings.

## Cosponsors (1)

- Sen. Fetterman, John [D-PA] (D-PA), 2025-12-09T00:00:00.000Z

## Related bills

- 119-s-1541: SHIPS for America Act of 2025
- 119-s-3597: National Quantum Initiative Reauthorization Act of 2026
- 119-s-2120: Older Americans Act Reauthorization Act of 2025
- 119-s-4610: Pacific POWER Act
- 119-s-1748: Kids Online Safety Act
- 119-s-938: Joint Task Force to Counter Illicit Synthetic Narcotics Act of 2025

## Sources
- [119-s-3405 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3405)

## Related
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-3597: National Quantum Initiative Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3597)
- [119-s-2120: Older Americans Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-s-2120)
- [119-s-4610: Pacific POWER Act](https://policyrisk.com/legislation/119-s-4610)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-938: Joint Task Force to Counter Illicit Synthetic Narcotics Act of 2025](https://policyrisk.com/legislation/119-s-938)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3405 (as of 2026-04-21).