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118-hr-7757Committee
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China Risk Reporting Act

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Summary

Official CRS summary

This bill requires publicly traded companies to report on specified connections to and reliance on supply chains in specified foreign markets, including China, Taiwan, and Japan. In particular, companies must describe their risk associated with (1) a significant disruption to the economic relations between China and the United States; (2) disruptions resulting from Chinese military action against Taiwan; and (3) exposure to material financial consequences caused by China, the Chinese Communist Party, or firms or other entities operating in China. Companies must also report any actions taken to minimize this risk.

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Bill details

Congress
118
Bill type
hr
Introduced
March 20, 2024
Sponsor
Not yet available
Last action
March 20, 2024— Referred to the House Committee on Financial Services.

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