HOUSE 1187117th CongressReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Corporate Governance Improvement and Investor Protection Act

Last Action: 6/17/2021

Actions

2021-06-17Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2021-06-16Motion to reconsider laid on the table Agreed to without objection.
2021-06-16On passage Passed by the Yeas and Nays: 215 - 214 (Roll no. 169).
2021-06-16Passed/agreed to in House: On passage Passed by the Yeas and Nays: 215 - 214 (Roll no. 169).
2021-06-16On motion to recommit Failed by the Yeas and Nays: 207 - 218 (Roll no. 168).
2021-06-16The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
2021-06-16Mr. Barr moved to recommit to the Committee on Financial Services. (text: CR H2862)
2021-06-16The previous question was ordered pursuant to the rule.
2021-06-16Motion to reconsider laid on the table. Agreed to without objection.
2021-06-16Motion to reconsider laid on the table. Agreed to without objection.
2021-06-16Motion to reconsider laid on the table. Agreed to without objection.
2021-06-16Motion to reconsider laid on the table. Agreed to without objection.
2021-06-16UNFINISHED BUSINESS - The Chair announced that the unfinished business was on agreeing to amendments which were debated earlier and on which previous questions were postponed.
2021-06-16Considered as unfinished business. (consideration: CR H2859-2863)
2021-06-16Pursuant to clause 1(c) of rule XIX, the House resumed consideration of H.R. 1187.

Showing 15 of 20 actions. Full history on Congress.gov.

CRS Summary

As of 2021-06-16 (53)

Corporate Governance Improvement and Investor Protection Act

This bill requires publicly traded companies to periodically disclose information related to

environmental, social, and governance performance metrics;
expenditures for certain political activities;
compensation information regarding executive officers and employees;
climate change-related risks, including direct and indirect greenhouse gas emissions and fossil fuel-related assets;
tax jurisdiction, income, and assets of constituent entities on a country-by-country basis;
workforce management policies, practices, and performance;
incidents of workplace harassment and retaliation;
cybersecurity;
the demographic composition of the board of directors and executive officers; and
manufacturing activity in China's Xinjiang Uyghur Autonomous Region.

The bill also establishes the Sustainable Finance Advisory Committee that must, among other duties, recommend to the Securities and Exchange Commission (SEC) policies to facilitate the flow of capital toward environmentally sustainable investments.

The SEC must report on the viability and occurrence of shareholder collective action, particularly regarding employment, environmental, social, and governance issues.

The SEC must also report on compliance issues small businesses face with respect to disclosure requirements related to environmental, social, and governance performance metrics.

Cosponsors (1)

Jesus Garcia (D-IL)

Subjects

Administrative law and regulatory procedures
Administrative remedies
Advisory bodies
Air quality
Alternative and renewable resources
Asia
Assault and harassment offenses
Atmospheric science and weather
Business ethics
Business investment and capital
Business records
China
Climate change and greenhouse gases
Coal
Computer security and identity theft
Congressional oversight
Contracts and agency
Corporate finance and management
Detention of persons

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