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H.R. 5929 116th Congress House

Shareholder Political Transparency Act of 2020

Official title: To amend the Securities Exchange Act of 1934 to require reporting of certain expenditures for political activities, and for other purposes.

Introduced: February 21, 2020 Introduced by: Bill Foster Democratic · Illinois See on congress.gov
Finance and Financial Sector Business expensesBusiness recordsCongressional oversightGovernment Accountability Office (GAO)
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Government information and archivesPolitical parties and affiliationSecuritiesSecurities and Exchange Commission (SEC)Tax-exempt organizations
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action December 8, 2020

Placed on the Union Calendar, Calendar No. 517.

 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.

 Related & companion bills 4
  • HR 1087 Reintroduced Bill Shareholder Political Transparency Act of 2021
  • HR 4491 Shareholder Protection Act
  • S 949 For the People Act of 2019
  • S 1630 Shareholder Protection Act of 2019
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 19
All 19 Democratic 13
Cartwright, Matt
· Mar 3, 2020
 D
Quigley, Mike
Illinois · Mar 2, 2020
 D
García, Jesús G. "Chuy"
Illinois · Feb 27, 2020
Perlmutter, Ed
· Feb 27, 2020
 D
Cleaver, Emanuel
Missouri · Feb 25, 2020
Heck, Denny
· Feb 25, 2020
 D
Lynch, Stephen F.
Massachusetts · Feb 25, 2020
 D
Raskin, Jamie
Maryland · Feb 25, 2020
 D
Carbajal, Salud O.
California · Feb 21, 2020
 D
Crow, Jason
Colorado · Feb 21, 2020
DEFAZIO, PETER
· Feb 21, 2020
Malinowski, Tom
· Feb 21, 2020
 D
Meng, Grace
New York · Feb 21, 2020
 D
Nadler, Jerrold
New York · Feb 21, 2020
 D
Norton, Eleanor Holmes
District of Columbia · Feb 21, 2020
Phillips, Dean
· Feb 21, 2020
 D
Schakowsky, Janice D.
Illinois · Feb 21, 2020
 D
Velázquez, Nydia M.
New York · Feb 21, 2020
 D
Welch, Peter
Vermont · Feb 21, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5929: Shareholder Political Transparency Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-5929/
MLA
"H.R. 5929: Shareholder Political Transparency Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-5929/.
Bluebook (legal)
H.R. 5929, 116th Cong. (2026), https://openamerica.io/bill/116-HR-5929/.
Markdown link
[H.R. 5929: Shareholder Political Transparency Act of 2020](https://openamerica.io/bill/116-HR-5929/)
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