3.0.0 4095 2023-03-08T20:12:35Z 2023-03-08T20:12:35Z Senate S 2022-04-27 117 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2022-04-27T20:13:27Z 2022-04-27 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2022-04-27 Introduced in Senate IntroReferral 10000 9 Library of Congress S001217 Sen. Scott, Rick [R-FL] Rick Scott R FL N R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL 2022-04-27 True B001310 Sen. Braun, Mike [R-IN] Mike Braun R IN 2022-04-27 True Finance and Financial Sector Finance and Financial Sector 00 2022-04-27 Introduced in Senate 2022-09-15T12:30:42Z Transaction and Sourcing Knowledge Act or the TASK Act

This bill requires the Securities and Exchange Commission to mandate the reporting of certain information by publicly traded companies. Specifically, companies must report on

  • the sourcing and due diligence involving products imported into the United States utilizing forced labor from Xinjiang, China;
  • transactions with companies on the Department of Commerce's trade restriction list or designated as Chinese military-industrial complex companies; and
  • for U.S. companies with facilities in China, whether there is a Chinese Communist Party committee in the operations of the company, and a summary of that committee's activity.
]]> Transaction and Sourcing Knowledge Act Display Title Transaction and Sourcing Knowledge Act Short Title(s) as Introduced Transaction and Sourcing Knowledge Act Introduced in Senate IS Short Title(s) as Introduced TASK Act Introduced in Senate IS Official Title as Introduced A bill to require the Securities and Exchange Commission to require reporting of sourcing and due diligence activities of companies involving supply chains of products that are imported into the United States that are directly linked to products utilizing forced labor from Xinjiang, China, and for other purposes. Introduced in Senate IS Introduced in Senate 2022-04-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s4095is/xml/BILLS-117s4095is.xml 2022-04-27 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.