Business Supply Chain Transparency on Trafficking and Slavery Act of 2015
Latest action · Jul 27, 2015 Referred to the House Committee on Financial Services.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 27, 2015
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Business Supply Chain Transparency on Trafficking and Slavery Act of 2015
This bill expresses the sense of Congress that: (1) legislation is necessary to provide consumers information on products that are free of child labor, forced labor, slavery, and human trafficking; and (2) businesses and consumers, by means of publicly available disclosures, can avoid inadvertently promoting or sanctioning these crimes through production and purchase of raw materials, goods, and finished products that have been tainted in the supply chains.
The bill amends the Securities Exchange Act of 1934 to direct the Securities and Exchange Commission (SEC), within one year after enactment of this Act, to promulgate regulations requiring any covered issuer of a registered security to include in its mandatory annual report a disclosure of whether the issuer has taken any measures during the year to identify and address conditions of forced labor, slavery, human trafficking, and the worst forms of child labor within the issuer's supply chains. The term "covered issuer" means an issuer that has annual worldwide global receipts in excess of $100 million.
The regulations shall mandate that the required information be disclosed on such issuer's Internet website through a conspicuous and easily understandable link to the relevant information labeled "Global Supply Chain Transparency."
The SEC must make available to the public in a searchable format on its website: (1) a list of covered issuers required to disclose such information, and (2) a compilation of the information disclosed.
Cosponsors 21
Members who signed on, in the order they did. Signatures ran from Jul 27, 2015 to Nov 29, 2016; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-NJ | Christopher H. Smith | Original | Jul 27, 2015 |
| D-OR | Earl Blumenauer | Sep 16, 2015 | |
| D-DC | Eleanor Holmes Norton | Oct 21, 2015 | |
| R-NJ | Leonard Lance | Oct 21, 2015 | |
| D-AZ | Raúl M. Grijalva | Nov 17, 2015 | |
| D-MN | Betty McCollum | Dec 10, 2015 | |
| D-CA | Ted Lieu | Jan 12, 2016 | |
| D-CA | Zoe Lofgren | Jan 12, 2016 | |
| I-AZ | Kyrsten Sinema | Feb 25, 2016 | |
| D-MA | Michael E. Capuano | Feb 25, 2016 | |
| D-MN | Keith Ellison | Mar 1, 2016 | |
| D-CA | Julia Brownley | Mar 17, 2016 | |
| D-NY | Nydia M. Velázquez | Mar 23, 2016 | |
| D-RI | David N. Cicilline | May 3, 2016 | |
| D-NY | Nita M. Lowey | May 10, 2016 | |
| D-IA | David Loebsack | Jun 7, 2016 | |
| D-WI | Gwen Moore | Jun 7, 2016 | |
| D-MI | Daniel T. Kildee | Sep 22, 2016 | |
| D-CT | James A. Himes | Sep 22, 2016 | |
| D-IN | André Carson | Nov 29, 2016 | |
| D-GA | John Lewis | Nov 29, 2016 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jul 27, 2015 |
Actions 3
Everything that happened, newest first.
- Jul 27, 2015Introduced in House
- Jul 27, 2015Sponsor introductory remarks on measure. (CR E1130)
- Jul 27, 2015Referred to the House Committee on Financial Services.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Extensions | Debate and remarks E1130 | Carolyn B. Maloney D-NY | Jul 27, 2015 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 161, no. 119, July 27, 2015, page H5524.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| S. Hrg. 114-168 | EXAMINING THE GOVERNANCE AND INTEGRITY OF INTERNATIONAL SOCCER56 pages | Commerce, Science, and Transportation Committee | Jul 15, 2015 |
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R44581 | Trafficking in Persons and U.S. Foreign Policy Responses in the 114th Congress Archived | Report | Aug 5, 2016 |
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1968 | Business Supply Chain Transparency on Trafficking and Slavery Act of 2015 | Identical bill | Aug 5, 2015 |
| HR 7089 | Business Supply Chain Transparency on Trafficking and Slavery Act of 2018 | Reintroduced Bill | Oct 23, 2018 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Securities Exchange Act of 1934 to require certain companies to disclose information describing any measures the company has taken to identify and address conditions of forced labor, slavery, human trafficking, and the worst forms of child labor within the company's supply chains.
- Short Titles as Introduced
- Business Supply Chain Transparency on Trafficking and Slavery Act of 2015
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Administrative law and regulatory procedures
- Business ethics
- Business records
- Corporate finance and management
- Crimes against children
- Finance and Financial Sector
- Foreign and international corporations
- Government information and archives
- Human rights
- Human trafficking
- Labor standards
- Securities
- Securities and Exchange Commission (SEC)
- Sex offenses
- Youth employment and child labor
Text 1
Each version as it was printed, newest first.
- Jul 27, 2015Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
