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Bill117th CongressFiled Feb 18, 2021Finance and Financial Sector
H.R. 1087

Shareholder Political Transparency Act of 2021

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary reported to house (Jun 8, 2021)

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.

What just happenedJun 8, 2021

Placed on the Union Calendar, Calendar No. 36.

Who’s behind it

Rep. Foster, Bill [D-IL-11](D-IL)Sponsor
11 cosponsors11 D
Read on Congress.gov
11cosponsors1committees9actions2related bills9subjects
  1. Jun 8, 2021CalendarsH12410

    Placed on the Union Calendar, Calendar No. 36.

  2. Jun 8, 2021CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 117-53.

    Financial Services Committee
  3. Jun 8, 2021Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 117-53.

    Financial Services Committee
  4. Apr 21, 2021Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 23.

    Financial Services Committee
  5. Apr 21, 2021Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  6. Apr 20, 2021Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  7. Feb 18, 2021IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  8. Feb 18, 2021IntroReferralIntro-H

    Introduced in House

  9. Feb 18, 2021IntroReferral1000

    Introduced in House

Reported to HouseJun 8, 20217

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.

Introduced in HouseFeb 18, 2021

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.

Shareholder Political Transparency Act of 2021 — Informed