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Disclosure of Company Ties to Chinese Communist Party

New rules require publicly traded companies to disclose any connections they have with the Chinese Communist Party. This aims to increase transparency for investors and citizens, allowing them to better assess risks related to investments and business activities. Citizens will gain more information about the companies they invest in or interact with.
Key points
Companies must disclose if they, their subsidiaries, or joint venture partners have Chinese Communist Party organizations.
If such organizations are active, their participation in company operations must be summarized.
Companies must reveal if their boards act in the best interest of the company and shareholders, and if they are subject to scrutiny for conflicts of interest.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_6650
Sponsor: Rep. Tenney, Claudia [R-NY-22]
Process start date: 2022-02-08
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

No Chinese Communist SURPRISE Parties Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6650.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-02-08.

What are the main provisions?

Key points include:

  • Companies must disclose if they, their subsidiaries, or joint venture partners have Chinese Communist Party organizations.
  • If such organizations are active, their participation in company operations must be summarized.
  • Companies must reveal if their boards act in the best interest of the company and shareholders, and if they are subject to scrutiny for conflicts of interest.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Tenney, Claudia [R-NY-22].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Courts and Law