Politiparty
Politiparty

118th Congress Finance and Financial Sector

H.R. 7757: China Risk Reporting Act

Introduced

  1. Introduced (completed)Mar 20, 2024
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Mar 20, 2024

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.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

3

Bipartisan support.

Who scored on this bill

6 points earned
  1. 1Brad Sherman D-CA SponsorDrew cross-party cosponsors, introduced2 events+6
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Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Brad Sherman

History

  1. Mar 20, 2024Introduced in the House by Brad Sherman.
Show the full action history (2 actions)
  1. Mar 20, 2024Introduced in House
  2. Mar 20, 2024Referred to the House Committee on Financial Services.