Bill > HR4840

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.

Business and Industry

https://www.congress.gov/bill/118th-congress/house-bill/4840/all-info