summary
Introduced
02/23/2021
02/23/2021
In Committee
02/23/2021
02/23/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th 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.
AI Summary
This bill, called the Improving Corporate Governance Through Diversity Act of 2021, amends the Securities Exchange Act of 1934 to require public companies (issuers) to disclose data on the racial, ethnic, and gender composition of their board of directors, director nominees, and executive officers. It also requires the Securities and Exchange Commission (SEC) to establish a Diversity Advisory Group to study and recommend strategies to increase diversity on corporate boards. The bill mandates the SEC to publish best practices for compliance and to report annually to Congress on the status of diversity among public company boards.
Committee Categories
Housing and Urban Affairs
Sponsors (12)
Bob Menendez (D)*,
Cory Booker (D),
Sherrod Brown (D),
Catherine Cortez Masto (D),
Dianne Feinstein (D),
Kirsten Gillibrand (D),
Mazie Hirono (D),
Alex Padilla (D),
Tina Smith (D),
Chris Van Hollen (D),
Raphael Warnock (D),
Elizabeth Warren (D),
Last Action
Committee on Banking, Housing, and Urban Affairs. Hearings held. (on 09/15/2022)
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/117th-congress/senate-bill/374/all-info |
| BillText | https://www.congress.gov/117/bills/s374/BILLS-117s374is.pdf |
| Bill | https://www.congress.gov/117/bills/s374/BILLS-117s374is.pdf.pdf |
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