[Congressional Record Volume 167, Number 87 (Wednesday, May 19, 2021)]
[Senate]
[Page S3135]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1612. Mr. SCOTT of Florida submitted an amendment intended to be 
proposed to amendment SA 1502 proposed by Mr. Schumer to the bill S. 
1260, to establish a new Directorate for Technology and Innovation in 
the National Science Foundation, to establish a regional technology hub 
program, to require a strategy and report on economic security, 
science, research, innovation, manufacturing, and job creation, to 
establish a critical supply chain resiliency program, and for other 
purposes; which was ordered to lie on the table; as follows:

        At the appropriate place, insert the following:

     SEC. ___. SECURITIES.

       (a) In General.--Section 6(b) of the Securities Exchange 
     Act of 1934 (15 U.S.C. 78f(b)) is amended by adding at the 
     end the following:
       ``(11) The rules of the exchange require an issuer, before 
     the initial listing of any security of the issuer on the 
     exchange, and in each annual report filed with the Commission 
     and the exchange under section 13(a), to disclose the 
     following information:
       ``(A) Whether the Government of the People's Republic of 
     China has provided the issuer with any financial support, 
     including--
       ``(i) any direct subsidy, grant, loan, loan guarantee, tax 
     concession, or benefit with respect to procurement policy; or
       ``(ii) any other form of support.
       ``(B) If the Government of the People's Republic of China 
     has provided support described in subparagraph (A), the 
     conditions under which that Government provided that support, 
     including whether that Government required the issuer to--
       ``(i) satisfy certain requirements with respect to exports;
       ``(ii) purchase items from certain entities;
       ``(iii) use certain intellectual property; or
       ``(iv) employ members of the Chinese Communist Party or 
     other employees of that Government.
       ``(C) Whether there are any committees of the Chinese 
     Communist Party established within the issuer, which shall 
     include the disclosure of--
       ``(i) which employees of the issuer comprise that 
     committee; and
       ``(ii) the roles played by the employees described in 
     clause (i).
       ``(D) Information regarding each individual who, as of the 
     date on which the disclosure is made, is an officer or 
     director of the issuer (or a subsidiary of the issuer) and 
     holds, or previously held, a position with the Chinese 
     Communist Party or the Government of the People's Republic of 
     China, including the title of that position and the 
     geographic location in which the individual holds or held 
     that position, as applicable.''.
       (b) Rules.--Not later than 180 days after the date of 
     enactment of this Act, the Securities and Exchange Commission 
     shall make any amendments to the rules of the Commission that 
     are necessary as a result of the amendments made by 
     subsection (a).
                                 ______