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No Chinese Communist SURPRISE Parties Act

USA118th CongressHR-747| House 
| Updated: 2/2/2023
Claudia Tenney

Claudia Tenney

Republican Representative

New York

Cosponsors (3)
George Santos (Republican)Max L. Miller (Republican)Brian Babin (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
No Chinese Communist Subterfuge via Unregistered Regime Presence Rendered Invisible to Shareholders and Equivalent Parties Act or the No Chinese Communist SURPRISE Parties Act This bill requires issuers of securities to annually disclose whether the issuer has established or maintained an organization of the Chinese Communist Party, if an organization of the Chinese Communist Party has participated in the operations of the issuer, and whether the issuer's board of directors (1) owes a fiduciary duty to the issuer and shareholders, and (2) is subject to heightened scrutiny with respect to conflicted controller transactions.
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Timeline

Bill from Previous Congress

HR 117-6650
No Chinese Communist SURPRISE Parties Act
Jan 30, 2023

Latest Companion Bill Action

S 118-144
Introduced in Senate
Feb 2, 2023
Introduced in House
Feb 2, 2023
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 117-6650
    No Chinese Communist SURPRISE Parties Act


  • January 30, 2023

    Latest Companion Bill Action

    S 118-144
    Introduced in Senate


  • February 2, 2023
    Introduced in House


  • February 2, 2023
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Related Bills

  • S 118-144: No Chinese Communist SURPRISE Parties Act
AsiaChinaSecuritiesU.S. and foreign investments

No Chinese Communist SURPRISE Parties Act

USA118th CongressHR-747| House 
| Updated: 2/2/2023
No Chinese Communist Subterfuge via Unregistered Regime Presence Rendered Invisible to Shareholders and Equivalent Parties Act or the No Chinese Communist SURPRISE Parties Act This bill requires issuers of securities to annually disclose whether the issuer has established or maintained an organization of the Chinese Communist Party, if an organization of the Chinese Communist Party has participated in the operations of the issuer, and whether the issuer's board of directors (1) owes a fiduciary duty to the issuer and shareholders, and (2) is subject to heightened scrutiny with respect to conflicted controller transactions.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 117-6650
No Chinese Communist SURPRISE Parties Act
Jan 30, 2023

Latest Companion Bill Action

S 118-144
Introduced in Senate
Feb 2, 2023
Introduced in House
Feb 2, 2023
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 117-6650
    No Chinese Communist SURPRISE Parties Act


  • January 30, 2023

    Latest Companion Bill Action

    S 118-144
    Introduced in Senate


  • February 2, 2023
    Introduced in House


  • February 2, 2023
    Referred to the House Committee on Financial Services.
Claudia Tenney

Claudia Tenney

Republican Representative

New York

Cosponsors (3)
George Santos (Republican)Max L. Miller (Republican)Brian Babin (Republican)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • S 118-144: No Chinese Communist SURPRISE Parties Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
AsiaChinaSecuritiesU.S. and foreign investments