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Disclosure of Company Ties to Chinese Communist Party for Investors

This act requires publicly traded companies to disclose any connections with the Chinese Communist Party. This aims to increase transparency for citizens who invest their money, enabling them to make informed decisions about where to place their savings, considering potential political risks.
Key points
Companies must disclose if they, their subsidiaries, or joint venture partners have Chinese Communist Party organizations.
If such organizations exist, companies must summarize their participation in operations.
Companies will also disclose if their boards owe fiduciary duty to the company and shareholders and are subject to heightened scrutiny for conflicted controller transactions.
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Expired
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Additional Information
Print number: 118_HR_747
Sponsor: Rep. Tenney, Claudia [R-NY-24]
Process start date: 2023-02-02
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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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 118_HR_747.

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 2023-02-02.

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 exist, companies must summarize their participation in operations.
  • Companies will also disclose if their boards owe fiduciary duty to the company and shareholders and are subject to heightened scrutiny for conflicted controller transactions.
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-24].

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 2025-12-25.

CATEGORIES

Economy