Lawmakers ramp up scrutiny of Shein, call for proof it doesn

Lawmakers ramp up scrutiny of Shein, call for proof it doesn’t use forced labor after retailer files for IPO

https://www.cnbc.com/2023/12/05/shein-ipo-lawmakers-scrutinize-forced-labor.html

KEY POINTS

• Lawmakers are ramping up their scrutiny of Chinese-founded fast fashion company Shein after it confidentially filed to go public.
• Rep. Blaine Luetkemeyer called on the SEC to prevent Shein from going public, and if it doesn’t, he suggested legislation that would bar it from trading.
• Lawmakers are concerned that Shein is using forced labor in its supply chain and exploiting U.S. trade laws.