118th Congress · HOUSE BILLBILL

H.R. 4840Uyghur Forced Labor Disclosure Act

To amend the Securities Exchange Act of 1934 to require issuers to make certain disclosures relating to the Xinjiang Uyghur Autonomous Region, and for other purposes.

Finance and financial sector
Introduced Jul 24, 2023
Last action Jul 24, 2023
Pipeline · Bill → Law
Step 1
Introduced
Jul 24, 2023
Step 2
Referred
Jul 24, 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 publicly disclose whether its supply or production chain involves China's Xinjiang Uyghur Autonomous Region or specified forced labor sources. Issuers must provide documentation of supply and product chain entities and independent verification of such documentation. The Securities and Exchange Commission (SEC) must annually assess and report on compliance with this bill. The Government Accountability Office must periodically report on the effectiveness of the SEC’s oversight of the certification requirements under the bill.  

Provisions · 4 sectionsIntroduced in House
Timeline · 2 actions
Jul 24, 2023
Introduced in House
Jul 24, 2023
Referred to the House Committee on Financial Services.