HB 6371 To amend the Securities Exchange Act of 1934 to require issuers to disclose risks related to global pandemics, and for other purposes
US Congress 116th Congress
To amend the Securities Exchange Act of 1934 to require issuers to disclose risks related to global pandemics, and for other purposes.
HB-6371
About HB-6371
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.
Bill Texts
Introduced 04/16/2020
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