By Aaron Nicodemus2020-12-21T17:29:00+00:00 President Donald Trump signed into law a measure that will kick publicly traded Chinese companies off U.S.-based exchanges if they refuse to allow U.S. regulators to examine their finances. Called the “Holding Foreign Companies Accountable Act,” the new law (S.945) will delist a foreign-owned company that refuses to comply with the U.S. Public Company Accounting Oversight Board’s (PCAOB) audit requirements for three consecutive years. Congress passed the bill with strong bipartisan support earlier this month. Trump signed the bill into law Friday. “Taking this action is crucial to hold Chinese companies accountable and to safeguard the millions of American families who rely on modest investments to retire, send their kids to college, and weather financial emergencies,” Sen. Chris Van Hollen (D-Md.), who co-authored the legislation in the Senate, said in a statement.