Politiparty
Politiparty

118th Congress Finance and Financial Sector

S. 144: No Chinese Communist SURPRISE Parties Act

Introduced

  1. Introduced (completed)Jan 30, 2023
  2. Passed Senate (not reached)
  3. Passed House (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in Senate, Jan 30, 2023

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.

Written by the Congressional Research Service, Library of Congress.

Roll calls

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Amendments

0 offered

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Cosponsors

1

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Other bills by Marco Rubio

History

  1. Jan 30, 2023Introduced in the Senate by Marco Rubio.
Show the full action history (2 actions)
  1. Jan 30, 2023Introduced in Senate
  2. Jan 30, 2023Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.