Supporting the goals and ideals of Red Ribbon Week during the period of October 23 through October 31, 2023.
- Last Action
- 10/6/2023
Actions
- 2023-02-02Referred to the House Committee on Financial Services.
- 2023-02-02Introduced in House
- 2023-02-02Introduced in House
CRS Summary
As of 2023-02-02 (00)
No Chinese Communist Subterfuge via Unregistered Regime Presence Rendered Invisible to Shareholders and Equivalent Parties Act or the No Chinese Communist SURPRISE Parties Act
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.
Cosponsors (3)
- Max Miller (R-OH)
- George Santos (R-NY)
- Brian Babin (R-TX)
Subjects
- Asia
- China
- Securities
- U.S. and foreign investments
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.