Bill > HR5933

This bill amends the Securities Exchange Act of 1934 to require certain public companies (referred to as "covered issuers") to annually disclose financial information on a country-by-country basis. The key provisions include: defining key terms like "constituent entity" and "tax jurisdiction"; requiring covered issuers to report information such as revenues, profits, taxes paid, and employees for each tax jurisdiction in which they operate; establishing reporting deadlines and data format requirements; and directing the Securities and Exchange Commission to issue regulations to implement this new country-by-country reporting requirement.