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China Risk Reporting Act

USA118th CongressHR-7757| House 
| Updated: 3/20/2024
Brad Sherman

Brad Sherman

Democratic Representative

California

Cosponsors (3)
Doug LaMalfa (Republican)Victoria Spartz (Republican)Randy K. Sr. Weber (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
China Risk Reporting Act 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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Timeline
Mar 20, 2024
Introduced in House
Mar 20, 2024
Referred to the House Committee on Financial Services.
  • March 20, 2024
    Introduced in House


  • March 20, 2024
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

China Risk Reporting Act

USA118th CongressHR-7757| House 
| Updated: 3/20/2024
China Risk Reporting Act 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.
View Full Text

Suggested Questions

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

Timeline
Mar 20, 2024
Introduced in House
Mar 20, 2024
Referred to the House Committee on Financial Services.
  • March 20, 2024
    Introduced in House


  • March 20, 2024
    Referred to the House Committee on Financial Services.
Brad Sherman

Brad Sherman

Democratic Representative

California

Cosponsors (3)
Doug LaMalfa (Republican)Victoria Spartz (Republican)Randy K. Sr. Weber (Republican)

Financial Services Committee

Finance and Financial Sector

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