Bill > HR1187

This bill, known as the Corporate Governance Improvement and Investor Protection Act, is a wide-ranging measure that aims to enhance corporate disclosure requirements on environmental, social, and governance (ESG) matters, shareholder political spending, executive compensation, climate-related risks, workforce management practices, and diversity. The key provisions of the bill include: - Requiring public companies to disclose their views on the link between ESG metrics and their long-term business strategy, and the process they use to determine the impact of ESG metrics. - Establishing a Sustainable Finance Advisory Committee to advise the Securities and Exchange Commission (SEC) on sustainable finance issues. - Mandating public companies to report on their political spending, including dues paid to trade associations that could be used for political purposes. - Requiring public companies to disclose information on pay raises for executives versus other employees, as well as comparisons to inflation. - Compelling public companies to report on their climate-related risks and strategies for addressing them. - Directing public companies to provide detailed disclosures on their workforce management practices, including demographic data, training, safety, and benefits. - Mandating public companies to disclose data on the racial, ethnic, and gender diversity of their boards and executives. The bill is intended to increase transparency and accountability around corporate governance and sustainability issues to benefit investors and the broader public interest.

Business and Industry, Housing and Urban Affairs

https://www.congress.gov/bill/117th-congress/house-bill/1187/all-info