Bill
Bill > HR6375
US HR6375
To amend the Securities Exchange Act of 1934 to require issuers to make disclosures related to supply chain disruption risk, and for other purposes.
summary
Introduced
03/23/2020
03/23/2020
In Committee
03/23/2020
03/23/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the Securities Exchange Act of 1934 to require issuers to make disclosures related to supply chain disruption risk, and for other purposes. This bill requires certain issuers of securities to report to the Securities and Exchange Commission on the risks faced by the issuer regarding supply-chain disruption and the issuer's continuity or contingency plans to mitigate these risks.
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) on the risks they face related to supply chain disruption. Specifically, the bill requires issuers to disclose the risks in their sourcing of goods, labor, and services, including risks of dependency on sole sourcing or geographic concentrations, shipping risks, and risks from natural disasters, pandemics, conflicts, and labor practices. Issuers must also report on their business continuity or contingency plans to mitigate these supply chain risks and disruptions. The disclosures must be updated whenever there are material changes.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Referred to the House Committee on Financial Services. (on 03/23/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/6375/all-info |
| BillText | https://www.congress.gov/116/bills/hr6375/BILLS-116hr6375ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr6375/BILLS-116hr6375ih.pdf.pdf |
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