H.R. 7757 · 118th Congress
China Risk Reporting Act
- Stage
- In committee
- Sponsor
- Brad Sherman
- Introduced
- 2024-03-20
- Latest action
- 2024-03-20 · Introduced in House
Summary
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.