The United States is passing a bill that is aimed at the Chinese but it actually covers any foreign company to the USA. It may effect any Canadian company that is listed as PINK on the OTC exchange. It apparently won't happen for at least three years, so hopefully they address this issue. WASHINGTON (Reuters) - The U.S. House of Representatives passed a law to kick Chinese companies off U.S. stock exchanges if they do not fully comply with the country’s auditing rules, giving President Donald Trump one more tool to threaten Beijing with before leaving office. The measure passed the House by unanimous voice vote, after passing the Senate unanimously in May, sending it to Trump, who the White House said is expected to sign it into law. “The Holding Foreign Companies Accountable Act” bars securities of foreign companies from being listed on any U.S. exchange if they have failed to comply with the U.S. Public Accounting Oversight Board’s audits for three years in a row. While is applies to companies from any country, the legislation’s sponsors intended it to target Chinese companies listed in the United States, such as Alibaba, tech firm Pinduoduo Inc and oil giant PetroChina Co Ltd.. Whole article here: https://www.reuters.com/article/us-usa-china-stocks/bill-forcing-chinese-firms-to-meet-u-s-accounting-standards-passes-congress-idUSKBN28C3C3?il=0&source=content_type:react|first_level_url:news|section:main_content|button:body_link
