Bill > S1609

This bill amends the Securities Exchange Act of 1934 to require certain large multinational companies (known as "covered issuers") to annually disclose financial information on a country-by-country basis. This includes details on the revenues, profits, taxes, and assets of each of the company's constituent entities across different tax jurisdictions. The bill aims to increase transparency around the activities of multinational corporations and their use of tax havens or offshoring practices. The required disclosures must be filed with the Securities and Exchange Commission and made publicly available in a machine-readable format.