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S. 3598 117th Congress Senate

No Chinese Communist SURPRISE Parties Act

Official title: A bill to require issuers filing annual reports with the Securities and Exchange Commission to disclose whether the issuers have connections with the Chinese Communist Party, and for other purposes.

Introduced: February 8, 2022 See on congress.gov
Finance and Financial Sector AsiaChinaSecuritiesU.S. and foreign investments
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 8, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 8, 2022
Introduced in Senate
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 Latest action February 8, 2022

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

No Chinese Communist Subterfuge via Unregistered Regime Presence Rendered Invisible to Shareholders and Equivalent Parties Act or the No Chinese Communist SURPRISE Parties Act

This bill requires issuers of securities to annually disclose whether the issuer has established or maintained an organization of the Chinese Communist Party, if an organization of the Chinese Communist Party has participated in the operations of the issuer, and whether the issuer's board of directors (1) owes a fiduciary duty to the issuer and shareholders, and (2) is subject to heightened scrutiny with respect to conflicted controller transactions.

 Related & companion bills 1
  • HR 6650 Identical bill No Chinese Communist SURPRISE Parties Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Blackburn, Marsha
Tennessee · Feb 8, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3598: No Chinese Communist SURPRISE Parties Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-3598/
MLA
"S. 3598: No Chinese Communist SURPRISE Parties Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-3598/.
Bluebook (legal)
S. 3598, 117th Cong. (2026), https://openamerica.io/bill/117-S-3598/.
Markdown link
[S. 3598: No Chinese Communist SURPRISE Parties Act](https://openamerica.io/bill/117-S-3598/)
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