The purpose of this legislation, known as the PRC Broker-Dealers and Investment Advisers Moratorium Act, is to enhance the security and integrity of the U.S. financial markets by restricting certain financial entities with ties to the People's Republic of China (PRC). The main objectives are to prevent brokers, dealers, and investment advisers that have specific connections to the PRC from participating in U.S. securities associations and from registering with the Securities and Exchange Commission (SEC).