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HR 3791 112th Congress House Finance and Financial Sector Administrative law and regulatory procedures Business records Corporate finance and management Financial services and investments Minority employment Securities and Exchange Commission (SEC) Wages and earnings Women's employment

To amend the Securities Exchange Act of 1934 to require annual disclosures relating to the compensation brackets in which an issuer's minority and women employees reside.

Introduced: January 18, 2012 Introduced by: Meeks, Gregory W. Democratic · New York See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 9, 2012
Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Jan 18, 2012
Referred to the House Committee on Financial Services.
Jan 18, 2012
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Securities Exchange Act of 1934 to direct the Securities and Exchange Commission (SEC) to promulgate final rules requiring each securities issuer required to file annual reports to: (1) determine the 5 compensation brackets in which its employees reside (where such brackets contain an equal number of employees and range from the 20% of employees with the lowest compensation to the 20% with the highest compensation), and (2) include in the issuer's annual reports the number of minorities and women employed that fall into each of the compensation brackets.

Requires such issuers, for purposes of identifying an employee as a minority or woman under this Act, to rely on self-reporting by the employee.




What's happening now February 9, 2012

Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.

 Committees of jurisdiction 2