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Bill > HR2072


US HR2072

US HR2072
Uyghur Forced Labor Disclosure Act


summary

Introduced
03/18/2021
In Committee
03/18/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To amend the Securities Exchange Act of 1934 to require issuers to make certain disclosures relating to the Xinjiang Uyghur Autonomous Region, and for other pur- poses.

AI Summary

This bill amends the Securities Exchange Act of 1934 to require issuers to disclose if they or their affiliates have engaged in certain activities related to the Xinjiang Uyghur Autonomous Region (XUAR) of China. This includes disclosing whether they have imported goods sourced from or through the XUAR, whether those goods originated from forced labor camps, and details on the nature and extent of the commercial activity, revenue, and profit associated with those goods. The bill requires the Securities and Exchange Commission (SEC) to issue rules to implement these disclosure requirements, make the information publicly available, and report annually to Congress on issuer compliance. The bill's provisions will be repealed either 8 years after enactment or when the President determines the Chinese government has ended mass internment, forced labor, and other human rights violations in the XUAR.

Committee Categories

Business and Industry

Sponsors (11)

Last Action

Referred to the House Committee on Financial Services. (on 03/18/2021)

bill text


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