S 144
No Chinese Communist SURPRISE Parties Act
Jurisdiction
US Congress
Session
118th Congress (2023-2024)
Last updated at
Jun 16, 2026, 6:20 PM
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- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
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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Primary sponsor
Marco Rubio
Cosponsor
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