US HR6371

Bill

To amend the Securities Exchange Act of 1934 to require issuers to disclose risks related to global pandemics, and for other purposes.

Introduced
03/23/2020

In Committee
03/23/2020

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To amend the Securities Exchange Act of 1934 to require issuers to disclose risks related to global pandemics, and for other purposes. This bill requires certain issuers of securities to report to the Securities and Exchange Commission (SEC), during a global pandemic, information related to risks faced by the issuer. Specifically, if the World Health Organization declares a pandemic, an issuer must disclose to the SEC risks faced by the issuer, including risks to health and safety faced by employees and independent contractors; mitigation measures, including those taken to protect the workforce's wages, health care, and leave; and the effect the pandemic may have on the issuer's business, solvency, and workforce. The SEC must make such reports publicly available on its website.

AI Summary

This bill amends the Securities Exchange Act of 1934 to require certain issuers of securities to report to the Securities and Exchange Commission (SEC) information related to risks faced by the issuer during a global pandemic. Specifically, if the World Health Organization declares a pandemic, an issuer must disclose risks to the health and safety of employees and contractors, mitigation measures taken to protect the workforce's wages, healthcare, and leave, and the effect the pandemic may have on the issuer's business, solvency, and workforce. The SEC must make these reports publicly available on its website.

Committee Categories

Business and Industry

Sponsors (2)

Brad Sherman (D)*, Maxine Waters (D),

Last Action

Referred to the House Committee on Financial Services. (on 03/23/2020)

Official Document

https://www.congress.gov/bill/116th-congress/house-bill/6371/all-info

(2 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/116th-congress/house-bill/6371/all-info
BillText	https://www.congress.gov/116/bills/hr6371/BILLS-116hr6371ih.pdf
Bill	https://www.congress.gov/116/bills/hr6371/BILLS-116hr6371ih.pdf.pdf

Bill	Bill Name	Last Action	Type
HR6321	Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act	Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, Education and Labor, Small Business, the Judiciary, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.	Related
HR6379	Take Responsibility for Workers and Families Act Workforce Emergency Response Act of 2020	Referred to the Committee on Appropriations, and in addition to the Committees on the Budget, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.	Related

Bill > HR6371

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (2)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary