A registered foreign issuer is subject to supervision and consents to jurisdiction
What the document says“(A) be subject to reporting, supervision, and examination requirements as determined by the Comptroller; and (B) consent to United States jurisdiction relating to the enforcement of this Act.”
Subsection (c)(2). Two duties follow registration: reporting, supervision and examination on terms the Comptroller determines, and consent to United States jurisdiction for enforcement of the Act.
What the document actually says“(A) be subject to reporting, supervision, and examination requirements as determined by the Comptroller; and (B) consent to United States jurisdiction relating to the enforcement of this Act.”
A signed up maker must report and be checked. The federal office sets those terms. The maker must also agree to answer to courts here.
Without that consent, a court here may have no hold on a firm abroad. Signing up is how the maker gives it.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.