H.R. 6371 — To amend the Securities Exchange Act of 1934 to require issuers to disclose risks related to global pandemics, and for other purposes. | PoliFocus

H.R. 6371116th Congress

To amend the Securities Exchange Act of 1934 to require issuers to disclose risks related to global pandemics, and for other purposes.

Subjects

Finance and Financial Sector

Summary

This bill 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.

Full Text

Related Legislation

H.R. 6379Take Responsibility for Workers and Families Act
2020-03-23Referred 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.
Related
H.R. 6321Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act
2020-03-23Referred 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.
Related

Legislative Actions

2020-03-23
Introduced in House
2020-03-23
Introduced in House
2020-03-23
Referred to the House Committee on Financial Services.

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