Bill > HR4863

This bill, the Shareholder Political Transparency Act of 2023, amends the Securities Exchange Act of 1934 to require public companies (issuers) to report quarterly on their political expenditures, including independent expenditures, electioneering communications, and dues or payments to trade associations that may be used for political purposes. The bill also requires issuers to include a summary of their political expenditures exceeding $10,000 in their annual reports to shareholders, as well as a description of planned political expenditures for the upcoming fiscal year. The Securities and Exchange Commission (SEC) is tasked with implementing these reporting requirements and submitting annual assessments of issuer compliance to Congress, while the Government Accountability Office is required to periodically evaluate the effectiveness of the SEC's oversight.