Large Corporations Must Audit and Eliminate Child Labor in Supply Chains.
This law requires the largest corporations (with over $500 million in revenue) to conduct annual audits and publicly report on the use of unlawful child labor throughout their global supply chains. The goal is to increase corporate transparency and accountability, ensuring consumers that the products they buy are not the result of child exploitation. Companies failing to comply or retaliating against workers face massive financial penalties.
Key points
Mandatory Audits: Large businesses must annually investigate their suppliers and service providers for any instances of unlawful child labor, including confidential worker interviews.
Public Disclosure: Audit findings and policies to prevent child labor must be published on the company's public website, increasing consumer awareness.
Worker Protection: Employees cooperating with audits are legally protected from retaliation, with willful retaliation punishable by fines up to $500 million.
Severe Penalties: Non-compliance with reporting and audit rules can result in civil damages up to $100 million.
Status:
Expired
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