On December 22, President Biden signed into law the U.S. National Defense Authorization Act for Fiscal Year 2024 (NDAA). As enacted, the NDAA does not include the provision.
Back in September, we learned about a provision in the then-proposed Senate bill, National Defense Authorization Act for Fiscal Year 2024, which would make insiders of foreign private.
Foreign private issuers (FPIs) may have dodged a bullet on December 7 after Congress scrapped a proposal to impose the reporting obligations under Section 16 of the Exchange Act of.