; (II) shipping risks; and (III) risks arising from natural disasters, pandemics, extreme weather, armed conflicts, refugee and related disruptions, trade conflicts or disruptions, and labor wage, safety, and health care practices; and (ii) the impacts any risk or disruption identified in clause (i) would have on the issuer’s workforce, suppliers, and customers; (B) the issuer’s business continuity or other contingency plans that will be implemented in the case of a supply chain disruption in order to mitigate such risks and impacts; and (C) all other material information. (2) Updates Disclosures required under this subsection shall be updated when there are material changes. . 404. Disclosures related to global pandemic risk (a) In general Section 13 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m ), as amended by section 403, is further amended by adding at the end the following: (t) Disclosures related to global pandemic risk (1) In general Each issuer required to file current reports under subsection (a) shall, in the event the World Health Organization declares a pandemic, file a report with the Commission containing a description of— (A) the risks and exposures to the issuer related to the pandemic, including risks to health and worker safety faced by the issuer’s employees and independent contractors; (B) the steps the issuer is taking to mitigate such risks and exposures, including measures to protect the workforce, including information related to wages, healthcare, and leave; (C) a preliminary view on the effect the pandemic may have on the issuer’s business, solvency, and workforce