Corporate Responsibility for Child Labor Elimination Act of 2023

This bill requires large corporations (those with over $500 million in annual worldwide revenue) to annually audit their entire supply chains - including suppliers and on-site service providers like cleaners or food workers - for violations of U.S. child labor laws. Companies must document findings, implement policies to prevent child labor (including worker interviews and third-party verification), and publicly report results on their websites or upon consumer request. The Labor Secretary will review non-compliance and can impose fines up to $100 million for reporting failures or $500 million for retaliation against workers reporting violations. The law aims to increase transparency and accountability for child labor risks across corporate supply chains.