No Chinese Communist SURPRISE Parties Act

This bill requires U.S. public companies (specifically "covered issuers" that file annual reports with the Securities and Exchange Commission) to disclose in their annual reports whether they, their subsidiaries, or joint venture partners have maintained Chinese Communist Party organizations during the reporting period. It mandates companies to summarize any CCP participation in their operations and confirm if their board of directors owes fiduciary duties to shareholders under applicable law. The disclosure must be included starting with the second annual report filed after the bill's enactment. This is a reporting requirement focused on transparency, not a prohibition on CCP involvement.