Katie Kazem

Dec 13, 2023 | jdsupra.com | David Boles |Lisa Cossi |Katie Kazem

Earlier this year, we wrote about a proposal buried within the Senate version of the National Defense Authorization Act for Fiscal Year 2024 that would effectively make insiders of foreign private issuers (FPIs) subject to both the reporting requirements and short-swing profit recovery provisions of Section 16 of the Securities Exchange Act. FPIs and their insiders can now breathe easy.