Uyghur Forced Labor Disclosure Act
This bill requires an issuer of securities to publicly disclose whether its supply or production chain involves China's Xinjiang Uyghur Autonomous Region or specified forced labor sources. Issuers must provide documentation of supply and product chain entities and independent verification of such documentation.
The Securities and Exchange Commission (SEC) must annually assess and report on compliance with this bill.
The Government Accountability Office must periodically report on the effectiveness of the SEC’s oversight of the certification requirements under the bill.