This bill requires companies that sell stock to the public to disclose information about Chinese Communist Party involvement in their operations. Specifically, companies would need to tell shareholders once a year whether they have set up or are running any Chinese Communist Party organizations, whether the party has had any role in how the company operates, and whether the company's board of directors is properly protecting shareholder interests and following rules about conflicts of interest. The goal is to make sure investors know if a company has ties to the Chinese Communist Party so they can make informed decisions about whether to buy or hold stock in that company. Right now, companies don't have to reveal this information, which means shareholders might not know about these connections.

No Chinese Communist SURPRISE Parties Act

Tenney, Claudia

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.