Slave-Free Business Certification Act: Ensuring Ethical Supply Chains
This act aims to ensure that large businesses operating in the U.S. do not use forced labor in their supply chains. Companies will be required to audit their suppliers and publicly disclose the results, increasing transparency and protecting workers' rights globally. This empowers citizens to make more informed purchasing decisions, supporting ethically operating businesses.
Key points
Large businesses (with over $500 million in annual revenue) must audit their supply chains for forced labor.
Companies will be required to publish annual audit reports on their websites, disclosing any instances of forced labor.
High financial penalties are imposed for violations, discouraging the use of forced labor.
The act aims to increase corporate accountability and protect human rights in global supply chains.
Status:
Expired
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