1. Short title This Act may be cited as the Holding Foreign Companies Accountable Act . 2. Disclosure requirement Section 104 of the Sarbanes-Oxley Act of 2002 ( 15 U.S.C. 7214 ) is amended by adding at the end the following: (i) Disclosure regarding foreign jurisdictions that prevent inspections (1) Definition In this subsection, the term covered issuer means an issuer that is required to file reports under section 13 or 15(d) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m ; 78o(d)). (2) Disclosure to Commission The Commission shall— (A) identify each covered issuer that, with respect to the preparation of the audit report on the covered issuer’s financial statement that is included in a report described in paragraph (1) with respect to the covered issuer, retains a registered public accounting firm to issue such audit report that— (i) is located in a foreign jurisdiction; and (ii) the Board is unable to inspect under this section because of the applicability of the laws or rules of the foreign jurisdiction; and (B) require each covered issuer identified under subparagraph (A) to disclose on an annual basis to the Commission, in accordance with the rules issued by the Commission under paragraph (3)— (i) the provisions of law or rule in the jurisdiction described in subparagraph (A)(i) that prevent the Board from performing an inspection under this section, as described in subparagraph (A)(ii)