Uyghur Forced Labor Disclosure Act

Hozzl · 2023-12-15T16:01:05Z

Explore the details of House Bill 4840 Uyghur Forced Labor Disclosure Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

12/15/2023, 4:01 PM

Summary of Bill HR 4840

Bill 118 hr 4840, also known as the Uyghur Forced Labor Disclosure Act, is a piece of legislation introduced in the US Congress. The purpose of this bill is to address the issue of forced labor in the Xinjiang region of China, where the Uyghur ethnic minority group is being targeted and subjected to human rights abuses.

The Uyghur Forced Labor Disclosure Act requires companies that are publicly traded in the United States to disclose any involvement they may have in using forced labor from the Xinjiang region. This includes disclosing whether their products are made with forced labor, and if so, what steps they are taking to address this issue.

The bill also requires the US government to create a list of entities that are known to be using forced labor from Xinjiang, and prohibits federal agencies from procuring goods or services from these entities. Additionally, the bill authorizes the imposition of sanctions on individuals and entities that are found to be complicit in using forced labor from Xinjiang. Overall, the Uyghur Forced Labor Disclosure Act aims to increase transparency and accountability in supply chains, and to address the ongoing human rights abuses faced by the Uyghur people in China. It is an important step towards combating forced labor and promoting ethical business practices in the United States.

Current Status of Bill HR 4840

Bill HR 4840 is currently in the status of Bill Introduced since July 24, 2023. Bill HR 4840 was introduced during Congress 118 and was introduced to the House on July 24, 2023. Bill HR 4840's most recent activity was Referred to the House Committee on Financial Services. as of July 24, 2023