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Bill > HR6279


US HR6279

US HR6279
Business Supply Chain Transparency on Trafficking and Slavery Act of 2020


summary

Introduced
03/13/2020
In Committee
03/13/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To amend the Securities Exchange Act of 1934 to require certain companies to disclose information describing any measures the company has taken to identify and address conditions of forced labor, slavery, human trafficking, and the worst forms of child labor within the company's supply chains. This bill requires certain issuers of securities to disclose their efforts to prevent the use of forced labor, slavery, trafficked persons, and child labor in their supply chains.

AI Summary

This bill amends the Securities Exchange Act of 1934 to require certain companies with over $100 million in annual global receipts to disclose information describing any measures they have taken to identify and address conditions of forced labor, slavery, human trafficking, and the worst forms of child labor within their supply chains. The bill requires these companies to provide details on their policies, risk assessments, auditing procedures, and remediation efforts related to these issues. The information must be made publicly available on the company's website and the Securities and Exchange Commission's website.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Referred to the House Committee on Financial Services. (on 03/13/2020)

bill text


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