118th Congress · HOUSE BILLBILL

H.R. 4451 — Reveal Risky Business in China Act

“To amend the Securities Exchange Act of 1934 to require issuers to disclose whether they do business in or with China or other aggressor nations, and for other purposes.”

Finance and financial sector

Introduced Jun 30, 2023

Last action Jun 30, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jun 30, 2023

Step 2

Referred

Jun 30, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill requires an issuer of securities to regularly disclose whether the issuer does business (1) with or in China; (2) with any entity owned or operated by the Chinese Communist Party; or (3) with or in any country that, after March 24, 2022, invades a sovereign nation state or annexes sovereign territory. An issuer must also disclose whether its supply chain uses Uyghur forced labor.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Jun 30, 2023

Introduced in House

Jun 30, 2023

Referred to the House Committee on Financial Services.