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5 Aug 2015

USA: New bill introduced to House of Representatives requiring public disclosure of company policies to combat slavery & trafficking in supply chains

"House Bill Would Require Public Disclosure of Company Policies to Combat Supply Chain Trafficking", 4 Aug

On July 27, 2015, U.S. Representatives...introduced the Business Supply Chain Transparency on Trafficking and Slavery Act of 2015 (H.R. 3226) (the "Bill"). The Bill would require that publicly traded companies more broadly and specifically disclose their policies and efforts aimed at ridding their supply chains of slavery and human trafficking.  It is anticipated that a Senate version of the Bill will be introduced soon.  The Bill is similar in certain respects to the United Kingdom’s recently enacted Modern Slavery Act 2015 and the California Transparency in Supply Chains Act of 2010, which took effect in 2012. The Bill also bears some similarity to recent amendments to the Federal Acquisition Regulation, effective March 2, 2015, also directed at eliminating trafficking within government contractors' supply chains.