Lawmakers urge SEC to require Shein to disclose potential forced labor practices ahead of IPO

Lawmakers from both parties are urging the US Securities and Exchange Commission (SEC) to require Chinese fast-fashion company Shein to disclose potential forced labor practices before its potential initial public offering (IPO) in the US. Shein has been accused of mistreating Uyghurs and falsifying reports of forced or underpaid labor in its supplier factories. The lawmakers have demanded that Shein independently verify that it does not use forced labor before being allowed to issue securities in the US. The company is preparing for a potential IPO later this year.