Business Supply Chain Transparency on Trafficking and Slavery Act of 2015
Sponsored By: Representative Maloney, Carolyn B. [D-NY-12]
Unknown
Summary
Business Supply Chain Transparency on Trafficking and Slavery Act of 2015 This bill expresses the sense of Congress that: (1) legislation is necessary to provide consumers information on products that are free of child labor, forced labor, slavery, and human trafficking; and (2) businesses and consumers, by means of publicly available disclosures, can avoid inadvertently promoting or sanctioning these crimes through production and purchase of raw materials, goods, and finished products that have been tainted in the supply chains. The bill amends the Securities Exchange Act of 1934 to direct the Securities and Exchange Commission (SEC), within one year after enactment of this Act, to promulgate regulations requiring any covered issuer of a registered security to include in its mandatory annual report a disclosure of whether the issuer has taken any measures during the year to identify and address conditions of forced labor, slavery, human trafficking, and the worst forms of child labor within the issuer's supply chains. The term "covered issuer" means an issuer that has annual worldwide global receipts in excess of $100 million. The regulations shall mandate that the required information be disclosed on such issuer's Internet website through a conspicuous and easily understandable link to the relevant information labeled "Global Supply Chain Transparency." The SEC must make available to the public in a searchable format on its website: (1) a list of covered issuers required to disclose such information, and (2) a compilation of the information disclosed.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Maloney, Carolyn B. [D-NY-12]
NY • D
Cosponsors
Rep. Smith, Christopher H. [R-NJ-4]
NJ • R
Sponsored 7/27/2015
Rep. Blumenauer, Earl [D-OR-3]
OR • D
Sponsored 9/16/2015
Del. Norton, Eleanor Holmes [D-DC-At Large]
DC • D
Sponsored 10/21/2015
Rep. Lance, Leonard [R-NJ-7]
NJ • R
Sponsored 10/21/2015
Rep. Grijalva, Raúl M. [D-AZ-7]
AZ • D
Sponsored 11/17/2015
Rep. McCollum, Betty [D-MN-4]
MN • D
Sponsored 12/10/2015
Rep. Lieu, Ted [D-CA-36]
CA • D
Sponsored 1/12/2016
Rep. Lofgren, Zoe [D-CA-18]
CA • D
Sponsored 1/12/2016
Rep. Sinema, Kyrsten [D-AZ-9]
AZ • D
Sponsored 2/25/2016
MICHAEL CAPUANO
MA • D
Sponsored 2/25/2016
Rep. Ellison, Keith [D-MN-5]
MN • D
Sponsored 3/1/2016
Rep. Brownley, Julia [D-CA-26]
CA • D
Sponsored 3/17/2016
Rep. Velázquez, Nydia M. [D-NY-7]
NY • D
Sponsored 3/23/2016
Rep. Cicilline, David N. [D-RI-1]
RI • D
Sponsored 5/3/2016
NITA LOWEY
NY • D
Sponsored 5/10/2016
Rep. Moore, Gwen [D-WI-4]
WI • D
Sponsored 6/7/2016
Rep. Loebsack, David [D-IA-2]
IA • D
Sponsored 6/7/2016
Rep. Kildee, Daniel T. [D-MI-8]
MI • D
Sponsored 9/22/2016
Rep. Himes, James A. [D-CT-4]
CT • D
Sponsored 9/22/2016
Rep. Carson, André [D-IN-7]
IN • D
Sponsored 11/29/2016
JOHN LEWIS
GA • D
Sponsored 11/29/2016
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov