US HB6371 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on March 23 2020 - 25% progression, died in committee
Action: 2020-03-23 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 23 2020 - 25% progression, died in committee
Action: 2020-03-23 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requires certain issuers of securities to report to the Securities and Exchange Commission (SEC), during a global pandemic, information related to risks faced by the issuer. Specifically, if the World Health Organization declares a pandemic, an issuer must disclose to the SEC risks faced by the issuer, including risks to health and safety faced by employees and independent contractors; mitigation measures, including those taken to protect the workforce's wages, health care, and leave; and the effect the pandemic may have on the issuer's business, solvency, and workforce. The SEC must make such reports publicly available on its website.
Title
To amend the Securities Exchange Act of 1934 to require issuers to disclose risks related to global pandemics, and for other purposes.
Sponsors
Rep. Brad Sherman [D-CA] | Rep. Maxine Waters [D-CA] |
History
Date | Chamber | Action |
---|---|---|
2020-03-23 | House | Referred to the House Committee on Financial Services. |
2020-03-23 | House | Introduced in House |
Same As/Similar To
HB6379 (Related) 2020-03-23 - Referred to the Committee on Appropriations, and in addition to the Committees on the Budget, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
HB6321 (Related) 2020-03-23 - Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, Education and Labor, Small Business, the Judiciary, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
HB6321 (Related) 2020-03-23 - Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, Education and Labor, Small Business, the Judiciary, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Subjects
Business records
Corporate finance and management
Emergency medical services and trauma care
Employee benefits and pensions
Employee leave
Finance and financial sector
Government information and archives
Health care costs and insurance
Health care coverage and access
Infectious and parasitic diseases
Securities
Wages and earnings
Worker safety and health
World health
Corporate finance and management
Emergency medical services and trauma care
Employee benefits and pensions
Employee leave
Finance and financial sector
Government information and archives
Health care costs and insurance
Health care coverage and access
Infectious and parasitic diseases
Securities
Wages and earnings
Worker safety and health
World health
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/6371/all-info |
Text | https://www.congress.gov/116/bills/hr6371/BILLS-116hr6371ih.pdf |