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No Chinese Communist SURPRISE Parties Act

USA117th CongressHR-6650| House 
| Updated: 2/8/2022
Claudia Tenney

Claudia Tenney

Republican Representative

New York

Cosponsors (8)
Jefferson Van Drew (Republican)Ronny Jackson (Republican)W. Gregory Steube (Republican)Mary E. Miller (Republican)Randy K. Sr. Weber (Republican)Cathy McMorris Rodgers (Republican)Louie Gohmert (Republican)Brian Babin (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Feb 8, 2022

Latest Companion Bill Action

S 117-3598
Introduced in Senate
Feb 8, 2022
Introduced in House
Feb 8, 2022
Referred to the House Committee on Financial Services.
  • February 8, 2022

    Latest Companion Bill Action

    S 117-3598
    Introduced in Senate


  • February 8, 2022
    Introduced in House


  • February 8, 2022
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Related Bills

  • S 117-3598: No Chinese Communist SURPRISE Parties Act
AsiaChinaSecuritiesU.S. and foreign investments

No Chinese Communist SURPRISE Parties Act

USA117th CongressHR-6650| House 
| Updated: 2/8/2022
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 8, 2022

Latest Companion Bill Action

S 117-3598
Introduced in Senate
Feb 8, 2022
Introduced in House
Feb 8, 2022
Referred to the House Committee on Financial Services.
  • February 8, 2022

    Latest Companion Bill Action

    S 117-3598
    Introduced in Senate


  • February 8, 2022
    Introduced in House


  • February 8, 2022
    Referred to the House Committee on Financial Services.
Claudia Tenney

Claudia Tenney

Republican Representative

New York

Cosponsors (8)
Jefferson Van Drew (Republican)Ronny Jackson (Republican)W. Gregory Steube (Republican)Mary E. Miller (Republican)Randy K. Sr. Weber (Republican)Cathy McMorris Rodgers (Republican)Louie Gohmert (Republican)Brian Babin (Republican)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • S 117-3598: No Chinese Communist SURPRISE Parties Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
AsiaChinaSecuritiesU.S. and foreign investments