HR 6650 United States House · 117th Congress

No Chinese Communist SURPRISE Parties Act

Summary
No Chinese Communist Subterfuge via Unregistered Regime Presence Rendered Invisible to Shareholders and Equivalent Parties Act or the No Chinese Communist SURPRISE Parties Act This bill requires issuers of securities to annually disclose whether the issuer has established or maintained an organization of the Chinese Communist Party, if an organization of the Chinese Communist Party has participated in the operations of the issuer, and whether the issuer's board of directors (1) owes a fiduciary duty to the issuer and shareholders, and (2) is subject to heightened scrutiny with respect to conflicted controller transactions.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2022
Committee Review
Floor Vote
President
Introduced Feb 8, 2022 Last action Feb 8, 2022
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Full legislative history

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Total actions
2
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0
Committee
1
Feb 8, 2022
Committee
Referred to the House Committee on Financial Services.
lower
Feb 8, 2022
Introduced
Introduced in House
lower
1 primary · 8 co-sponsors

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