Skip to main content
HR 6126 114th Congress House Finance and Financial Sector Business records Corporate finance and management Financial services and investments Government information and archives Securities State and local taxation

Corporate Transparency and Accountability Act

Introduced: September 22, 2016 Introduced by: Pocan, Mark Democratic · Wisconsin See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 22, 2016
Referred to the House Committee on Financial Services.
Sep 22, 2016
Introduced in House
 Plain-English summary Congressional Research Service

Corporate Transparency and Accountability Act

This bill amends the Securities Exchange Act of 1934 to require each issuer of a security required to file an annual or quarterly report to disclose during the period covered in that report:

  • the issuer's total pre-tax profit,
  • the total amount paid by the issuer in state taxes,
  • the total amount paid by the issuer in federal taxes, and
  • the total amount paid by the issuer in foreign taxes.

Each such issuer shall also disclose in that report specified corporate financial information, aggregated on a country-by-country basis, for each of its subsidiaries.

What's happening now September 22, 2016

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 4