Business Transparency on Trafficking and Slavery Act

Summary

Business Transparency on Trafficking and Slavery Act - Expresses the sense of Congress that: (1) forced labor, slavery, human trafficking and the worst forms of child labor are among the most egregious forms of abuse in the name of commercial profit; (2) the legislative and regulatory framework to prevent goods produced through forced labor, slavery, human trafficking, and the worst forms of child labor from passing into the stream of commerce is gravely inadequate; and (3) legislation is necessary to provide the information that the public demands, recognizing that businesses can provide information and respond to consumer and investor demands for business reasons, rather than solely reacting to governmental prescriptions on how to conduct their business. Amends the Securities Exchange Act of 1934 to direct the Securities and Exchange Commission (SEC) to promulgate regulations requiring mandatory annual reports to disclose measures taken during the year to identify and address conditions of forced labor, slavery, human trafficking, and the worst forms of child labor within the supply chains of the business entity. Requires any business entity filing such disclosures to make them available on its Internet website.

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Timeline

1. 1 August 2011

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 1 August 2011

   Introduced

   Sponsor introductory remarks on measure. (CR E1466-1467)

   Source: IntroReferral

3. 1 August 2011

   Introduced

   Introduced in House

   Source: IntroReferral

4. 1 August 2011

   Introduced

   Introduced in House

   Source: IntroReferral

5. 22 August 2011

   Referred

   Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 1 August 2011 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 August 2011

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 1 August 2011

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 1 August 2011

  Open at official source

Sponsors

• CAROLYN MALONEY · D · Sponsor
• Christopher Smith · R · Sponsor
• Jackie Speier · D · Sponsor
• James McGovern · D · Sponsor
• Karen Bass · D · Cosponsor
• Rep. Richardson, Laura [D-CA-37] · D · Cosponsor
• Rep. Olver, John W. [D-MA-1] · D · Cosponsor
• Rep. Berman, Howard L. [D-CA-26] · D · Cosponsor
• Rep. Rangel, Charles B. [D-NY-19] · D · Cosponsor
• · hsba00 · Standing

Related records

• related to ← Trafficking Victims Protection Reauthorization Act of 2011