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HR 6371 116th Congress House Finance and Financial Sector Business records Corporate finance and management Emergency medical services and trauma care Employee benefits and pensions Employee leave Government information and archives Health care costs and insurance Health care coverage and access Infectious and parasitic diseases Securities Wages and earnings Worker safety and health World health

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

Introduced: March 23, 2020 Introduced by: Sherman, Brad Democratic · California See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 23, 2020
Referred to the House Committee on Financial Services.
Mar 23, 2020
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now March 23, 2020

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1