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TASK Act

USA117th CongressS-4095| Senate 
| Updated: 4/27/2022
Rick Scott

Rick Scott

Republican Senator

Florida

Cosponsors (2)
Mike Braun (Republican)Marco Rubio (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Apr 27, 2022
Introduced in Senate
Apr 27, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 12, 2022

Latest Companion Bill Action

HR 117-7749
Introduced in House
  • April 27, 2022
    Introduced in Senate


  • April 27, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • May 12, 2022

    Latest Companion Bill Action

    HR 117-7749
    Introduced in House

Finance and Financial Sector

TASK Act

USA117th CongressS-4095| Senate 
| Updated: 4/27/2022
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.
View Full Text

Suggested Questions

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

Timeline
Apr 27, 2022
Introduced in Senate
Apr 27, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 12, 2022

Latest Companion Bill Action

HR 117-7749
Introduced in House
  • April 27, 2022
    Introduced in Senate


  • April 27, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • May 12, 2022

    Latest Companion Bill Action

    HR 117-7749
    Introduced in House
Rick Scott

Rick Scott

Republican Senator

Florida

Cosponsors (2)
Mike Braun (Republican)Marco Rubio (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted