Transaction and Sourcing Knowledge Act or the TASK Act
This bill requires the Securities and Exchange Commission to mandate the reporting of certain information by publicly traded companies. Specifically, companies must report on
To require the Securities and Exchange Commission to require reporting 
of sourcing and due diligence activities of companies involving supply 
 chains of products that are imported into the United States that are 
   directly linked to products utilizing forced labor from Xinjiang, 
                     China, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Transaction and Sourcing Knowledge 
Act'' or the ``TASK Act''.

SEC. 2. SEC REPORTING.

    The Securities and Exchange Commission, as part of its evaluation 
of potential guidance on reporting on environmental, social, and 
governance matters by publicly traded companies, shall require 
reporting of--
            (1) sourcing and due diligence activities of such companies 
        involving supply chains of products that are imported into the 
        United States that are directly linked to products utilizing 
        forced labor from Xinjiang, China;
            (2) transactions with companies that have been--
                    (A) placed on the Entity List by the Department of 
                Commerce; or
                    (B) designated by the Department of the Treasury as 
                Chinese Military-Industrial Complex Companies; and
            (3) with respect to publicly traded United States companies 
        with facilities in China, on an annual basis--
                    (A) whether there is a Chinese Communist Party 
                committee in the operations of the company; and
                    (B) a summary of the actions and corporate 
                decisions in which any committee described in 
                subparagraph (A) may have participated.
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Transaction and Sourcing Knowledge Act
A bill to require the Securities and Exchange Commission to require reporting of sourcing and due diligence activities of companies involving supply chains of products that are imported into the United States that are directly linked to products utilizing forced labor from Xinjiang, China, and for other purposes.
TASK Act
Transaction and Sourcing Knowledge Act
Sen. Scott, Rick