HR 747
No Chinese Communist SURPRISE Parties Act
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill requires publicly traded companies, both in the United States and abroad, to disclose information about their connections to the Chinese Communist Party. Specifically, companies must report if they have established or maintained a connection with the CCP, if the CCP has participated in their operations, and whether their board of directors fulfills its fiduciary duties and is subject to scrutiny regarding conflicted transactions. The goal is to increase transparency regarding potential risks associated with dealings with the Chinese government.
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Primary sponsor
Cosponsors
George Santos
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