summary
Introduced
02/06/2019
02/06/2019
In Committee
02/06/2019
02/06/2019
Crossed Over
Passed
Dead
12/31/2020
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)
Bob Menendez (D)*,
Cory Booker (D),
Catherine Cortez Masto (D),
Kirsten Gillibrand (D),
Kamala Harris (D),
John Neely Kennedy (R),
Chris Van Hollen (D),
Elizabeth Warren (D),
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 02/06/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/360/all-info |
| BillText | https://www.congress.gov/116/bills/s360/BILLS-116s360is.pdf |
| Bill | https://www.congress.gov/116/bills/s360/BILLS-116s360is.pdf.pdf |
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