Sponsors (14)
The bill increases transparency and enforcement to deter forced‑labor and abusive‑surveillance links—providing investors, consumers, and policymakers better information and incentives to improve corporate behavior—while imposing meaningful compliance, privacy, competitive, and implementation costs on companies, suppliers, regulators, and taxpayers.
Investors, market participants, and the public gain materially greater transparency about companies' supply chains and ties to the Xinjiang Uighur Autonomous Region and surveillance technologies, enabling more informed investment and consumer decisions and public scrutiny.
U.S. market integrity and national security are strengthened by reducing the risk that firms complicit in forced labor or abusive surveillance will be listed or remain attractive to investors, lowering reputational and systemic risk.
Companies that source from abusive supply chains will face stronger incentives to improve due diligence and shift to ethical suppliers, which could reduce demand for goods linked to forced labor and help protect human rights abroad.
Public companies will face substantial new compliance, supply‑chain tracing, and third‑party verification costs to prepare the required disclosures and certifications, increasing costs for businesses and potentially raising consumer prices.
Requiring disclosure of supplier names, locations, and facility details could expose proprietary business information and increase competitive risk for companies, harming small suppliers and issuers.
Public release of extensive supplier data risks privacy and physical‑security harms for workers and small suppliers named in filings, including potential targeting or retaliation.
Based on analysis of 4 sections of legislative text.
Requires SEC rules forcing public issuers to disclose and document any sourcing or supply-chain links to Xinjiang/XUAR or goods produced with forced labor, with third-party verification and public posting.
Official title: To amend the Securities Exchange Act of 1934 to require issuers to make certain disclosures relating to the Xinjiang Uyghur Autonomous Region, and for other purposes.
Introduced May 7, 2026 by Suhas Subramanyam · Last progress May 7, 2026
Requires the SEC to adopt rules forcing public companies seeking listing or filing routine reports to disclose and document ties between their operations or supply chains and the Xinjiang Uyghur Autonomous Region (XUAR) or goods made with forced labor. The law directs detailed supplier-level reporting, third-party independent verification, public posting of disclosures, exchange listing denial for noncompliance, annual SEC compliance assessments, and GAO reviews. Applies to registration on national securities exchanges, annual and proxy filings, and includes definitions of forced labor and XUAR, a 180-day rule-writing deadline, and an automatic sunset after eight years (or earlier if the President certifies that mass internment, forced labor, and gross human-rights abuses in Xinjiang have ended).