118th Congress · HOUSE BILLBILL

H.R. 747 — No Chinese Communist SURPRISE Parties Act

“To require issuers filing annual reports with the Securities and Exchange Commission to disclose whether the issuers have connections with the Chinese Communist Party, and for other purposes.”

Finance and financial sector

Introduced Feb 2, 2023

Last action Feb 2, 2023

Pipeline · Bill → Law

Step 1

Introduced

Feb 2, 2023

Step 2

Referred

Feb 2, 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 issuers of securities to annually disclose whether the issuer has established or maintained an organization of the Chinese Communist Party, if an organization of the Chinese Communist Party has participated in the operations of the issuer, and whether the issuer's board of directors (1) owes a fiduciary duty to the issuer and shareholders, and (2) is subject to heightened scrutiny with respect to conflicted controller transactions.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Feb 2, 2023

Introduced in House

Feb 2, 2023

Referred to the House Committee on Financial Services.