To amend the Securities Exchange Act of 1934 to require disclosures with respect to certain financial risks relating to the People’s Republic of China, and for other purposes.
About This Bill
Committee
Latest Action · March 20, 2024
Referred to the House Committee on Financial Services.
China Risk Reporting Act
This bill requires publicly traded companies to report on specified connections to and reliance on supply chains in specified foreign markets, including China, Taiwan, and Japan. In particular, companies must describe their risk associated with (1) a significant disruption to the economic relations between China and the United States; (2) disruptions resulting from Chinese military action against Taiwan; and (3) exposure to material financial consequences caused by China, the Chinese Communist Party, or firms or other entities operating in China. Companies must also report any actions taken to minimize this risk.
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