H.R. 9162, titled the “PRC Risk Transparency Act,” aims to amend U.S. securities laws to require companies to disclose their financial ties and exposure to China. This includes details about revenue, investments, joint ventures, and supply chains connected to China, Hong...
Simple Explanation
The PRC Risk Transparency Act wants companies to tell people about their business connections with China, like how much money they make there or if they work with Chinese partners, so everyone knows about possible problems if the U.S. and China stop working together.