S.Amdt. 1612

SA 1612. Mr. SCOTT of Florida submitted an amendment intended to be
proposed to amendment SA 1502 proposed by Mr. Schumer to the bill S.
1260, to establish a new Directorate for Technology and Innovation in
the National Science Foundation, to establish a regional technology hub
program, to require a strategy and report on economic security,
science, research, innovation, manufacturing, and job creation, to
establish a critical supply chain resiliency program, and for other
purposes; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. ___. SECURITIES.

(a) In General.--Section 6(b) of the Securities Exchange
Act of 1934 (15 U.S.C. 78f(b)) is amended by adding at the
end the following:
``(11) The rules of the exchange require an issuer, before
the initial listing of any security of the issuer on the
exchange, and in each annual report filed with the Commission
and the exchange under section 13(a), to disclose the
following information:
``(A) Whether the Government of the People's Republic of
China has provided the issuer with any financial support,
including--
``(i) any direct subsidy, grant, loan, loan guarantee, tax
concession, or benefit with respect to procurement policy; or
``(ii) any other form of support.
``(B) If the Government of the People's Republic of China
has provided support described in subparagraph (A), the
conditions under which that Government provided that support,
including whether that Government required the issuer to--
``(i) satisfy certain requirements with respect to exports;
``(ii) purchase items from certain entities;
``(iii) use certain intellectual property; or
``(iv) employ members of the Chinese Communist Party or
other employees of that Government.
``(C) Whether there are any committees of the Chinese
Communist Party established within the issuer, which shall
include the disclosure of--
``(i) which employees of the issuer comprise that
committee; and
``(ii) the roles played by the employees described in
clause (i).
``(D) Information regarding each individual who, as of the
date on which the disclosure is made, is an officer or
director of the issuer (or a subsidiary of the issuer) and
holds, or previously held, a position with the Chinese
Communist Party or the Government of the People's Republic of
China, including the title of that position and the
geographic location in which the individual holds or held
that position, as applicable.''.
(b) Rules.--Not later than 180 days after the date of
enactment of this Act, the Securities and Exchange Commission
shall make any amendments to the rules of the Commission that
are necessary as a result of the amendments made by
subsection (a).
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