Lawmakers pressure SEC to examine Shein’s sourcing practices before IPO

Two dozen lawmakers have demanded the Securities and Exchange Commission (SEC) require an independent third party to verify fast-fashion retailer Shein does not use Uyghur forced labor before allowing it to go public.

The letter sent Monday to SEC Chair Gary Gensler from Reps. Jennifer Wexton (D-Va.), John Rose (R-Tenn.), and 22 additional members of Congress asked that any potential initial public offering (IPO) for Shein be delayed until such an inquiry can be conducted.

“We strongly believe that the ability to issue and trade securities on our domestic exchanges is a privilege and that foreign companies wishing to do so must uphold a demonstrated commitment to human rights across the globe,” the letter said.