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Increased Corporate Transparency: Combating Forced Labor and China Ties.

New rules require public companies to disclose information about their supply chains, especially those linked to products from China's Xinjiang region, where forced labor risks exist. This aims to increase consumer and corporate awareness of product origins and ethical manufacturing. Citizens can make more informed purchasing decisions as a result.
Key points
Companies must report on supply chain activities if products originate from China's Xinjiang region and are linked to forced labor.
Companies must disclose transactions with entities sanctioned by the U.S. or linked to China's military-industrial complex.
U.S. public companies with facilities in China must report on the presence of Chinese Communist Party committees within their operations and their influence on corporate decisions.
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Additional Information
Print number: 117_S_4095
Sponsor: Sen. Scott, Rick [R-FL]
Process start date: 2022-04-27