SENATE 864118th CongressRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
TASK Act
- Last Action
- 3/16/2023
Actions
- 2023-03-16Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2023-03-16Introduced in Senate
CRS Summary
As of 2023-03-16 (00)
Transaction and Sourcing Knowledge Act or the TASK Act
This bill requires the Securities and Exchange Commission to mandate the reporting of certain information by publicly traded companies. Specifically, companies must report on
- the sourcing and due diligence involving products imported into the United States utilizing forced labor from Xinjiang, China;
- transactions with companies on the Department of Commerce's trade restriction list or designated as Chinese military-industrial complex companies; and
- for U.S. companies with facilities in China, whether there is a Chinese Communist Party committee in the operations of the company, and a summary of that committee's activity.
Cosponsors (2)
- Marco Rubio (R-FL)
- Mike Braun (R-IN)
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.