TASK Act

Summary

Transaction and Sourcing Knowledge Act or the TASK Act This bill requires the Securities and Exchange Commission to mandate the reporting of certain information by publicly traded companies. Specifically, companies must report on the sourcing and due diligence involving products imported into the United States utilizing forced labor from Xinjiang, China; transactions with companies on the Department of Commerce's trade restriction list or designated as Chinese military-industrial complex companies; and for U.S. companies with facilities in China, whether there is a Chinese Communist Party committee in the operations of the company, and a summary of that committee's activity.

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Timeline

1. 27 April 2022

   Introduced

   Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

   Source: IntroReferral

2. 27 April 2022

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 27 April 2022 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 27 April 2022

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 27 April 2022

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 27 April 2022

  Open at official source

Sponsors

• Rick Scott · R · Sponsor
• Sen. Rubio, Marco [R-FL] · R · Sponsor
• Sen. Braun, Mike [R-IN] · R · Sponsor
• · ssbk00 · Standing

Related records

• related to → TASK Act