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H.R. 6371

BillFederalHouseIn Committee
To amend the Securities Exchange Act of 1934 to require issuers to disclose risks related to global pandemics, and for other purposes.
About This Bill
Committee
Latest Action · March 23, 2020
Referred to the House Committee on Financial Services.
Congress
116th (2019–2021)
Introduced
March 23, 2020
Cosponsors (1)
1D 0R
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Summary

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This bill requires certain issuers of securities to report to the Securities and Exchange Commission (SEC), during a global pandemic, information related to risks faced by the issuer. Specifically, if the World Health Organization declares a pandemic, an issuer must disclose to the SEC risks faced by the issuer, including risks to health and safety faced by employees and independent contractors; mitigation measures, including those taken to protect the workforce's wages, health care, and leave; and the effect the pandemic may have on the issuer's business, solvency, and workforce. The SEC must make such reports publicly available on its website.

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