Bill116th CongressFiled Mar 23, 2020Finance and Financial Sector
H.R. 6371
To amend the Securities Exchange Act of 1934 to require issuers to disclose risks related to global pandemics, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
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Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Mar 23, 2020)
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.
What just happenedMar 23, 2020
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Sherman, Brad [D-CA-30](D-CA)Sponsor
1 cosponsor1 D
1cosponsors1committees3actions2related bills13subjects
- Introduced in HouseMar 23, 2020
- Mar 23, 2020IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Mar 23, 2020IntroReferralIntro-H
Introduced in House
- Mar 23, 2020IntroReferral1000
Introduced in House