1. Short title This Act may be cited as the Trading and Investing with Clear Knowledge and Expectations about Risk Act or the TICKER Act . 2. Sense of Congress It is the sense of Congress that— (1) variable interest entities based in foreign jurisdictions, including the People’s Republic of China, pose a specific and significant risk to investors in the United States, including because investors that purchase shares of those entities— (A) have no equity or direct ownership interest; and (B) lack legal recourse; and (2) investors in the United States should more clearly be made aware of the risk described in paragraph (1) in a transparent, easily accessible, and standardized manner that is recognizable to all persons that have invested, or seek to invest, in entities that are described in that paragraph and are listed on exchanges in the United States, such as through clearly visible warning indicators on ticker symbols and other company symbols used by those exchanges. 3. Identification of risk with respect to certain entities (a) Definitions In this section— (1) the terms broker , dealer , exchange , and security have the meanings given those terms in section 3(a) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a) ); (2) the term Commission means the Securities and Exchange Commission; (3) the term covered entity means a consolidated variable interest entity; (4) the term national securities exchange means an exchange that is registered as a national securities exchange pursuant to section 6 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78f ), as amended by subsection (b) of this section