HR 6371 · 116th Congress · Finance and Financial Sector

To amend the Securities Exchange Act of 1934 to require issuers to disclose risks related to global pandemics, and for other purposes.

Introduced 2020-03-23· Sponsored by Rep. Sherman, Brad [D-CA-30]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2020-03-23)

Plain Language Summary

[AI summary unavailable — showing source text] This bill requires certain issuers of securities to report to the Securities and Exchange Commission (SEC), during a global pandemic, information related to risks faced by the issuer. Specifically, if the World Health Organization declares a pandemic, an issuer must disclose to the SEC risks faced by the issuer, including risks to health and safety faced by employees and independent contractors; mitigation measures, including those taken to protect the workforce's wages, health care, and leave; and the effect the pandemic may have on the issuer's business, solvency, and workforce. The SEC must make such reports publicly available on its website.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat