15 USC § 7214a - Additional disclosure

---
identifier: "/us/usc/t15/s7214a"
source: "usc"
legal_status: "official_prima_facie"
title: "15 USC § 7214a - Additional disclosure"
title_number: 15
title_name: "COMMERCE AND TRADE"
section_number: "7214a"
section_name: "Additional disclosure"
chapter_number: 98
chapter_name: "PUBLIC COMPANY ACCOUNTING REFORM AND CORPORATE RESPONSIBILITY"
subchapter_number: "I"
subchapter_name: "PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 116–222, § 3, Dec. 18, 2020, 134 Stat. 1064.)"
---


# § 7214a. Additional disclosure

**(a)** **Definitions** In this section—

**(1)** the term “audit report” has the meaning given the term in section 7201(a) of this title;

**(2)** the term “Commission” means the Securities and Exchange Commission;

**(3)** the term “covered form”—

**(A)** means—

**(i)** the form described in section 249.310 of title 17, Code of Federal Regulations, or any successor regulation; and

**(ii)** the form described in section 249.220f of title 17, Code of Federal Regulations, or any successor regulation; and

**(B)** includes a form that—

**(i)** is the equivalent of, or substantially similar to, the form described in clause (i) or (ii) of subparagraph (A); and

**(ii)** a foreign issuer files with the Commission under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) or rules issued under that Act;

**(4)** the terms “covered issuer” and “non-inspection year” have the meanings given the terms in subsection (i)(1) of section 7214 of this title, as added by section 2 of this Act; and

**(5)** the term “foreign issuer” has the meaning given the term in section 240.3b–4 of title 17, Code of Federal Regulations, or any successor regulation.

**(b)** **Requirement** Each covered issuer that is a foreign issuer and for which, during a non-inspection year with respect to the covered issuer, a registered public accounting firm described in subsection (i)(2)(A) of section 7214 of this title, as added by section 2 of this Act, has prepared an audit report shall disclose in each covered form filed by that issuer that covers such a non-inspection year—

**(1)** that, during the period covered by the covered form, such a registered public accounting firm has prepared an audit report for the issuer;

**(2)** the percentage of the shares of the issuer owned by governmental entities in the foreign jurisdiction in which the issuer is incorporated or otherwise organized;

**(3)** whether governmental entities in the applicable foreign jurisdiction with respect to that registered public accounting firm have a controlling financial interest with respect to the issuer;

**(4)** the name of each official of the Chinese Communist Party who is a member of the board of directors of—

**(A)** the issuer; or

**(B)** the operating entity with respect to the issuer; and

**(5)** whether the articles of incorporation of the issuer (or equivalent organizing document) contains any charter of the Chinese Communist Party, including the text of any such charter.

---

**Source Credit**: (Pub. L. 116–222, § 3, Dec. 18, 2020, 134 Stat. 1064.)

## Editorial Notes

### References in Text

The Securities Exchange Act of 1934, referred to in subsec. (a)(3)(B)(ii), is , , which is classified principally to chapter 2B (§ 78a et seq.) of this title. For complete classification of this Act to the Code, see  and Tables.

Section 2 of this Act, referred to in subsecs. (a)(4) and (b), means .