China Risk Reporting Act

Bill 118 hr 7757, also known as the China Risk Reporting Act, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to address the risks posed by China to the United States and its interests.

The bill requires certain companies that are listed on US stock exchanges to disclose information about their ties to China. This includes any financial relationships, business operations, or ownership by the Chinese government or Communist Party. The goal is to increase transparency and awareness of potential risks associated with doing business with Chinese entities.

Additionally, the bill mandates that the Securities and Exchange Commission (SEC) create a list of companies that are owned or controlled by the Chinese government. This list would be used by US investors and financial institutions to make informed decisions about their investments. Overall, the China Risk Reporting Act aims to protect US national security and economic interests by increasing transparency and awareness of the risks associated with doing business with China. It is currently being debated in Congress and has garnered bipartisan support.