Federal Contractors Must Disclose Ties to Chinese Government and Military.
This law mandates that companies seeking U.S. government contracts must reveal all commercial ties they have with the Chinese government, the CCP, or the Chinese military, including contracts from the past three years. This information will be placed in a new public database. The goal is to increase transparency and accountability in federal spending, allowing citizens to monitor contractors' foreign relationships.
Key points
Companies applying for federal contracts must disclose current and recent contracts (past three years) with Chinese state-linked entities, including the CCP and military.
A new public database will be created, allowing citizens to view which federal contractors have commercial relationships with China.
The disclosure requirement extends to first-tier subcontractors and related entities of the main contractor.
Status:
Expired
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