TBA Law Blog


Posted by: Julia Wilburn on Sep 1, 2023

Tennessee Attorney General Jonathan Skrmetti joined 15 other state attorneys general in urging the U.S. Securities and Exchange Commission (SEC) to require any foreign-owned company to certify via an independent process that it is compliant with Section 307 of the Tariff Act of 1930, which prohibits the import of any product manufactured wholly or in part by forced labor as a condition of being listed on a U.S. based securities exchange. The attorneys general question the business practices and reports of alleged forced labor of the Chinese fast-fashion retailer SHEIN, which is potentially launching an initial public offering (IPO) later this year.