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US S360
Improving Corporate Governance Through Diversity Act of 2019


summary

Introduced
02/06/2019
In Committee
02/06/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A bill to amend the Securities Exchange Act of 1934 to require the submission by issuers of data relating to diversity, and for other purposes. This bill requires certain issuers of securities to disclose the racial, ethnic, and gender composition of their boards of directors and executive officers, as well as the status of any of those directors and officers as a veteran. It also requires the disclosure of any plan to promote racial, ethnic, and gender diversity among these groups.

AI Summary

This bill amends the Securities Exchange Act of 1934 to require certain issuers of securities to disclose the racial, ethnic, and gender composition of their boards of directors and executive officers, as well as the status of any of those directors and officers as a veteran. It also requires the disclosure of any plan to promote racial, ethnic, and gender diversity among these groups. The bill directs the Director of the Office of Minority and Women Inclusion of the Securities and Exchange Commission to publish best practices for compliance with these new disclosure requirements every three years, in consultation with an advisory council that includes both issuers and investors.

Committee Categories

Housing and Urban Affairs

Sponsors (8)

Last Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 02/06/2019)

bill text


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