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To amend the Securities Exchange Act of 1934 to require issuers to disclose risks related to global pandemics, and for other purposes.

2/8/2022, 11:17 PM

Congressional Summary of HR 6371

This bill 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.

Read the Full Bill

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Current Status of Bill HR 6371

Bill HR 6371 is currently in the status of Bill Introduced since March 23, 2020. Bill HR 6371 was introduced during Congress 116 and was introduced to the House on March 23, 2020.  Bill HR 6371's most recent activity was Referred to the House Committee on Financial Services. as of March 23, 2020

Bipartisan Support of Bill HR 6371

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
1
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 6371

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Business records
- Corporate finance and management
- Emergency medical services and trauma care
- Employee benefits and pensions
- Employee leave
- Government information and archives
- Health care costs and insurance
- Health care coverage and access
- Infectious and parasitic diseases
- Securities
- Wages and earnings
- Worker safety and health
- World health

Alternate Title(s) of Bill HR 6371

To amend the Securities Exchange Act of 1934 to require issuers to disclose risks related to global pandemics, and for other purposes.
To amend the Securities Exchange Act of 1934 to require issuers to disclose risks related to global pandemics, and for other purposes.

Comments

Sponsors and Cosponsors of HR 6371

Brad Sherman
Brad Sherman
CaliforniaDemocrat
Maxine Waters
Maxine Waters
CaliforniaDemocrat

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