3.0.0 1968 2023-01-11T13:29:58Z 2023-01-11T13:29:58Z Senate S 2015-08-05 114 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2015-08-05T19:49:26Z Business Supply Chain Transparency on Trafficking and Slavery Act of 2015 114 3226 HR 2015-07-27 Referred to the House Committee on Financial Services. Identical bill CRS 2015-08-05 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2015-08-05 Introduced in Senate IntroReferral 10000 9 Library of Congress B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT N M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. 2015-08-05 True F000457 Sen. Franken, Al [D-MN] Al Franken D MN 2015-09-16 False G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2016-02-10 False B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2016-07-14 False Finance and Financial Sector Administrative law and regulatory procedures Business ethics Business records Corporate finance and management Crimes against children Foreign and international corporations Government information and archives Human rights Human trafficking Labor standards Securities Securities and Exchange Commission (SEC) Sex offenses Youth employment and child labor Finance and Financial Sector 00 2015-08-05 Introduced in Senate 2015-11-16T14:59:23Z Business Supply Chain Transparency on Trafficking and Slavery Act of 2015

This bill expresses the sense of Congress that: (1) legislation is necessary to provide consumers information on products that are free of child labor, forced labor, slavery, and human trafficking; and (2) businesses and consumers, by means of publicly available disclosures, can avoid inadvertently promoting or sanctioning these crimes through production and purchase of raw materials, goods, and finished products that have been tainted in the supply chains.

The bill amends the Securities Exchange Act of 1934 to direct the Securities and Exchange Commission (SEC), within one year after enactment of this Act, to promulgate regulations requiring any covered issuer of a registered security to include in its mandatory annual report a disclosure of whether the issuer has taken any measures during the year to identify and address conditions of forced labor, slavery, human trafficking, and the worst forms of child labor within the issuer's supply chains. The term "covered issuer" means an issuer that has annual worldwide global receipts in excess of $100 million.

The regulations shall mandate that the required information be disclosed on such issuer's Internet website through a conspicuous and easily understandable link to the relevant information labeled "Global Supply Chain Transparency."

The SEC must make available to the public in a searchable format on its website: (1) a list of covered issuers required to disclose such information, and (2) a compilation of the information disclosed.

]]> Business Supply Chain Transparency on Trafficking and Slavery Act of 2015 Display Title Business Supply Chain Transparency on Trafficking and Slavery Act of 2015 Official Title as Introduced A bill to amend the Securities Exchange Act of 1934 to require certain companies to disclose information describing any measures the company has taken to identify and address conditions of forced labor, slavery, human trafficking, and the worst forms of child labor within the company's supply chains. Introduced in Senate IS Short Titles as Introduced Business Supply Chain Transparency on Trafficking and Slavery Act of 2015 Introduced in Senate 2015-08-05T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s1968is/xml/BILLS-114s1968is.xml 2015-08-05 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.