H.R. 6371
Referred to CommitteeTo amend the Securities Exchange Act of 1934 to require issuers to disclose risks related to global pandemics, and for other purposes.
Introduced 3/23/2020•116th Congress•House
Latest Action
Referred to the House Committee on Financial Services.
3/23/2020 • House
Summary
This bill requires certain issuers of securities to report to the Securities and Exchange Commission (SEC), during a global pandemic, information related to risks faced by the issuer. Specifically, if the World Health Organization declares a pandemic, an issuer must disclose to the SEC
- risks faced by the issuer, including risks to health and safety faced by employees and independent contractors;
- mitigation measures, including those taken to protect the workforce's wages, health care, and leave; and
- the effect the pandemic may have on the issuer's business, solvency, and workforce.
The SEC must make such reports publicly available on its website.
Introduced in House • 3/23/2020
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Topics & Subjects
Policy Area: Finance and Financial Sector
Business recordsCorporate finance and managementEmergency medical services and trauma careEmployee benefits and pensionsEmployee leaveGovernment information and archivesHealth care costs and insuranceHealth care coverage and accessInfectious and parasitic diseasesSecuritiesWages and earningsWorker safety and healthWorld health
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Related Federal Spending
Sponsor & Cosponsors (2)
Party Breakdown
2
Democrats
0
Republicans
0
Independents
Sponsor
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Cosponsors (1)
R[
Bill Journey
Originated in the House
Introduced
March 23, 2020
Referred to the House Committee on Financial Services.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in House3/23/2020