[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7228 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 7228

  To amend the Securities Exchange Act of 1934 to require issuers to 
disclose whether they do business in, or with Russia or other aggressor 
                    nations, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 24, 2022

    Mr. Torres of New York introduced the following bill; which was 
            referred to the Committee on Financial Services

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                                 A BILL


 
  To amend the Securities Exchange Act of 1934 to require issuers to 
disclose whether they do business in, or with Russia or other aggressor 
                    nations, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Reveal Risky Business in Russia 
Act''.

SEC. 2. DISCLOSURE OF BUSINESS TIES TO RUSSIA OR OTHER AGGRESSOR 
              NATIONS.

    Section 13 of the Securities Exchange Act of 1934 (15 U.S.C. 78m) 
is amended by adding at the end the following:
    ``(s) Disclosure of Business Ties to Russia or Other Aggressor 
Nations.--
            ``(1) In general.--Each issuer required to file an annual 
        or quarterly report under subsection (a) shall disclose in that 
        report whether the issuer does business in or with--
                    ``(A) Russia; or
                    ``(B) any country that, after March 24, 2022, 
                invades a sovereign nation state or annexes sovereign 
                territory in an unprovoked war of aggression.
            ``(2) Termination.--The requirements under paragraph (1) 
        shall cease to have any force or effect on the earlier of--
                    ``(A) the date that is 5 years after the date of 
                enactment of this subsection; and
                    ``(B) the date on which the Commission--
                            ``(i) determines that such requirements are 
                        not in the public interest or for the 
                        protection of investors; and
                            ``(ii) notifies the Congress of such 
                        determination, and makes such determination 
                        available to the public.''.
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