summary
Introduced
07/24/2023
07/24/2023
In Committee
07/24/2023
07/24/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th 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 purposes.
AI Summary
This bill amends the Securities Exchange Act of 1934 to require companies filing to register securities on a national exchange or those required to file annual reports or proxy statements to disclose whether they or their affiliates are using or sourcing goods, wares, articles, or merchandise from the Xinjiang Uyghur Autonomous Region (XUAR) in China, including those produced by forced labor. Companies must provide documentation verifying their supply chain and undergo independent audits. The bill also imposes additional penalties for non-compliance and requires the Securities and Exchange Commission to conduct annual assessments and report to Congress on issuer compliance. The amendments are set to expire either 8 years after enactment or when the President determines that the Chinese government has ended mass internment, forced labor, and other human rights abuses in the XUAR.
Committee Categories
Business and Industry
Sponsors (19)
Jennifer Wexton (D)*,
André Carson (D),
Gerry Connolly (D),
Adriano Espaillat (D),
Carlos Giménez (R),
Raja Krishnamoorthi (D),
Jim McGovern (D),
Seth Moulton (D),
Eleanor Holmes Norton (D),
Nancy Pelosi (D),
Jamie Raskin (D),
Linda Sánchez (D),
Brad Sherman (D),
Mikie Sherrill (D),
Tom Suozzi (D),
Dina Titus (D),
Jill Tokuda (D),
David Trone (D),
Nikema Williams (D),
Last Action
Referred to the House Committee on Financial Services. (on 07/24/2023)
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/118th-congress/house-bill/4840/all-info |
BillText | https://www.congress.gov/118/bills/hr4840/BILLS-118hr4840ih.pdf |
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