118th Congress · SENATE BILLBILL

S. 144 — No Chinese Communist SURPRISE Parties Act

“A bill 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 Jan 30, 2023

Last action Jan 30, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jan 30, 2023

Step 2

Referred

Jan 30, 2023

Banking, Housing, and Urban Affairs

Step 3

Committee

Step 4

Senate

Step 5

House floor

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 Senate

Timeline · 2 actions

Jan 30, 2023

Introduced in Senate

Jan 30, 2023

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.