Bill > HR1087

This bill, the Shareholder Political Transparency Act of 2021, would amend the Securities Exchange Act of 1934 to require public companies (referred to as "issuers") with registered equity securities to disclose information about their political expenditures on a quarterly and annual basis. The key provisions include: 1) defining "expenditure for political activities" to include certain independent expenditures, electioneering communications, and payments to trade associations; 2) requiring issuers to submit quarterly reports detailing such political expenditures, including the amounts, dates, and information about the candidates or causes supported; and 3) requiring issuers to include a summary of significant political expenditures (over $10,000) in their annual reports to shareholders. The bill also directs the Securities and Exchange Commission to conduct annual assessments of issuer compliance, and the Government Accountability Office to periodically evaluate the effectiveness of the SEC's oversight.

Business and Industry

https://www.congress.gov/bill/117th-congress/house-bill/1087/all-info