TASK Act
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Summary
The TASK Act requires the Securities and Exchange Commission to mandate that publicly traded companies disclose their sourcing and due diligence activities related to supply chains linked to forced labor in Xinjiang, China. The bill also requires reporting on transactions with entities on the Commerce Department's Entity List or designated as Chinese Military-Industrial Complex Companies, and annual disclosure by U.S. companies with Chinese facilities regarding the presence and involvement of Chinese Communist Party committees in their operations.
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