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No Chinese Communist SURPRISE Parties Act

USA117th CongressS-3598| Senate 
| Updated: 2/8/2022
Marco Rubio

Marco Rubio

Republican Senator

Florida

Cosponsors (1)
Marsha Blackburn (Republican)

Banking, Housing, and Urban Affairs 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

HR 117-6650
Introduced in House
Feb 8, 2022
Introduced in Senate
Feb 8, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • February 8, 2022

    Latest Companion Bill Action

    HR 117-6650
    Introduced in House


  • February 8, 2022
    Introduced in Senate


  • February 8, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Related Bills

  • HR 117-6650: No Chinese Communist SURPRISE Parties Act
AsiaChinaSecuritiesU.S. and foreign investments

No Chinese Communist SURPRISE Parties Act

USA117th CongressS-3598| Senate 
| 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

HR 117-6650
Introduced in House
Feb 8, 2022
Introduced in Senate
Feb 8, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • February 8, 2022

    Latest Companion Bill Action

    HR 117-6650
    Introduced in House


  • February 8, 2022
    Introduced in Senate


  • February 8, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Marco Rubio

Marco Rubio

Republican Senator

Florida

Cosponsors (1)
Marsha Blackburn (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 117-6650: No Chinese Communist SURPRISE Parties Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
AsiaChinaSecuritiesU.S. and foreign investments