Shareholder Political Transparency Act of 2021
- Last Action
- 6/8/2021
Actions
- 2021-06-08Placed on the Union Calendar, Calendar No. 36.
- 2021-06-08Reported (Amended) by the Committee on Financial Services. H. Rept. 117-53.
- 2021-06-08Reported (Amended) by the Committee on Financial Services. H. Rept. 117-53.
- 2021-04-21Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 23.
- 2021-04-21Committee Consideration and Mark-up Session Held.
- 2021-04-20Committee Consideration and Mark-up Session Held.
- 2021-02-18Referred to the House Committee on Financial Services.
- 2021-02-18Introduced in House
- 2021-02-18Introduced in House
CRS Summary
As of 2021-06-08 (07)
Shareholder Political Transparency Act of 2021
This bill requires an issuer of securities to disclose information related to expenditures for political activities. Specifically, issuers must disclose quarterly any such expenditure, including by identifying any candidate the expenditure was made in relation to and any trade association or other tax-exempt organization that received dues or other payments that may be used for political activities. Annually, issuers must report on expenditures for political activities made in the previous year over $10,000 and information related to anticipated expenditures for the next year.
The Government Accountability Office must report on the effectiveness of the Securities and Exchange Commission's oversight of these reporting and disclosure requirements.
Cosponsors (11)
- JANICE SCHAKOWSKY (D-IL)
- Dean Phillips (D-MN)
- PETER DEFAZIO (D-OR)
- ELEANOR NORTON (D-DC)
- NYDIA VELAZQUEZ (D-NY)
- Jamie Raskin (D-MD)
- Jason Crow (D-CO)
- Peter Welch (D-VT)
- Salud Carbajal (D-CA)
- Grace Meng (D-NY)
- Jesus Garcia (D-IL)
Subjects
- Business expenses
- Business records
- Congressional oversight
- Government Accountability Office (GAO)
- Government information and archives
- Political parties and affiliation
- Securities
- Securities and Exchange Commission (SEC)
- Tax-exempt organizations
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.