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Shareholder Political Transparency Act of 2020

Introduced: February 21, 2020 Introduced by: Foster, Bill Democratic · Illinois See on congress.gov

Everywhere this bill has been 7 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Dec 8, 2020

Placed on the Union Calendar, Calendar No. 517.

Dec 8, 2020

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

Feb 28, 2020

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

Feb 28, 2020

Committee Consideration and Mark-up Session Held.

Feb 27, 2020

Committee Consideration and Mark-up Session Held.

Feb 21, 2020

Referred to the House Committee on Financial Services.

Feb 21, 2020

Introduced in House

Plain-English summary Congressional Research Service

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's happening now December 8, 2020

Placed on the Union Calendar, Calendar No. 517.

Committees of jurisdiction 1