Uyghur Forced Labor Disclosure Act

Bill: 118-hr-4452
Sponsor: full_name: Rep. Torres, Ritchie [D-NY-15]
Introduced: 2023-06-30
Policy area: Finance and Financial Sector
Latest action: action_date: 2023-06-30
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2023-06-30
action_desc: Introduced in House
text: <p><b>Uyghur Forced Labor Disclosure Act</b></p> <p>This bill requires an issuer of securities to regularly disclose whether its supply chain uses Uyghur forced labor. Uyghurs are a Muslim minority group living primarily in the Xinjiang Uyghur Autonomous Region of China.</p>

tv_txt: I 118th CONGRESS 1st Session H. R. 4452 IN THE HOUSE OF REPRESENTATIVES June 30, 2023 Mr. Torres of New York introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Securities Exchange Act of 1934 to require issuers to disclose whether their supply chain uses the force labor Uyghurs, and for other purposes.

1. Short title This Act may be cited as the Uyghur Forced Labor Disclosure Act . 2. Disclosure of forced labor of Uyghurs Section 13 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m ) is amended by adding at the end the following: (t) Disclosure of forced labor of Uyghurs (1) In general Each issuer required to file an annual or quarterly report under subsection (a) shall disclose in that report whether the supply chain of the issuer uses the forced labor of Uyghurs. (2) Termination The requirements under paragraph (1) shall cease to have any force or effect on the earlier of— (A) the date that is 5 years after the date of enactment of this subsection; and (B) the date on which the Commission— (i) determines that such requirements are not in the public interest or for the protection of investors; and (ii) notifies the Congress of such determination, and makes such determination available to the public. .