Ask AI
Bill116th CongressFiled Feb 21, 2020Finance and Financial Sector
H.R. 5929

Shareholder Political Transparency Act of 2020

Bill journey · stage 2 of 5

Under committee review

Filed
Comm.
Floor
Both
Law

What it doesSummary reported to house (Dec 8, 2020)

Shareholder Political Transparency Act of 2020

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.

What just happenedDec 8, 2020

Placed on the Union Calendar, Calendar No. 517.

Who’s behind it

Rep. Foster, Bill [D-IL-11](D-IL)Sponsor
19 cosponsors19 D
Read on Congress.gov
19cosponsors1committees9actions3related bills9subjects
  1. Dec 8, 2020CalendarsH12410

    Placed on the Union Calendar, Calendar No. 517.

  2. Dec 8, 2020CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-632.

    Financial Services Committee
  3. Dec 8, 2020Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-632.

    Financial Services Committee
  4. Feb 28, 2020Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 25.

    Financial Services Committee
  5. Feb 28, 2020Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  6. Feb 27, 2020Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  7. Feb 21, 2020IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  8. Feb 21, 2020IntroReferralIntro-H

    Introduced in House

  9. Feb 21, 2020IntroReferral1000

    Introduced in House

Reported to HouseDec 8, 20207

Shareholder Political Transparency Act of 2020

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.

Introduced in HouseFeb 21, 2020

Shareholder Political Transparency Act of 2020

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.

Shareholder Political Transparency Act of 2020 — Informed