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116-hr-6371116th Congress

To amend the Securities Exchange Act of 1934 to require issuers to disclose risks related to global pandemics, and for other purposes.

Sponsored By: Representative Sherman, Brad [D-CA-32]

Unknown

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Sherman, Brad [D-CA-32]

CA • D

Cosponsors

  • Rep. Waters, Maxine [D-CA-43]

    CA • D

    Sponsored 5/5/2020

Roll Call Votes

No roll call votes available for this bill.

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