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Companies to Disclose Business Ties with Russia and Aggressor Nations

New rules require publicly traded companies to disclose if they conduct business with Russia or other nations that invade sovereign states. This provides citizens and investors with better insight into the risks associated with these companies' operations, potentially influencing their financial decisions.
Key points
Companies must report if they do business in or with Russia.
The disclosure requirement also applies to countries that invade other sovereign nations after March 24, 2022.
These rules are set to last for 5 years, unless deemed unnecessary for public interest or investor protection sooner.
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Additional Information
Print number: 117_HR_7228
Sponsor: Rep. Torres, Ritchie [D-NY-15]
Process start date: 2022-03-24