HR 1187
117th Congress
House
Finance and Financial Sector
Administrative law and regulatory procedures
Administrative remedies
Advisory bodies
Air quality
Alternative and renewable resources
Asia
Assault and harassment offenses
Atmospheric science and weather
Business ethics
Business investment and capital
Business records
China
Climate change and greenhouse gases
Coal
Computer security and identity theft
Congressional oversight
Contracts and agency
Corporate finance and management
Detention of persons
Corporate Governance Improvement and Investor Protection Act
Introduced: February 18, 2021
Introduced by:
Vargas, Juan
Democratic
· California
See on congress.gov
Everywhere this bill has been
34 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 17, 2021
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 16, 2021
Motion to reconsider laid on the table Agreed to without objection.
Jun 16, 2021
On passage Passed by the Yeas and Nays: 215 - 214 (Roll no. 169).
Jun 16, 2021
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 215 - 214 (Roll no. 169).
Jun 16, 2021
On motion to recommit Failed by the Yeas and Nays: 207 - 218 (Roll no. 168).
Jun 16, 2021
The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
Jun 16, 2021
Mr. Barr moved to recommit to the Committee on Financial Services. (text: CR H2862)
Jun 16, 2021
The previous question was ordered pursuant to the rule.
Jun 16, 2021
Motion to reconsider laid on the table. Agreed to without objection.
Jun 16, 2021
UNFINISHED BUSINESS - The Chair announced that the unfinished business was on agreeing to amendments which were debated earlier and on which previous questions were postponed.
Jun 16, 2021
Considered as unfinished business. (consideration: CR H2859-2863)
Jun 16, 2021
Pursuant to clause 1(c) of rule XIX, the House resumed consideration of H.R. 1187.
Jun 16, 2021
POSTPONED PROCEEDINGS - Pursuant to clause 1(c) of rule XIX further proceedings on H.R. 1187 were postponed.
Jun 16, 2021
DEBATE - Pursuant to the provisions of H. Res. 473, the House proceeded with 10 minutes of debate on the Plaskett amendment No. 10.
Jun 16, 2021
POSTPONED PROCEEDINGS - At the conclusion of debate on the Schrier amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Jun 16, 2021
DEBATE - Pursuant to the provisions of H. Res. 473, the House proceeded with 10 minutes of debate on the Schrier amendment No. 8.
Jun 16, 2021
POSTPONED PROCEEDINGS - At the conclusion of debate on the Hill amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Hill demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Jun 16, 2021
DEBATE - Pursuant to the provisions of H. Res. 473, the House proceeded with 10 minutes of debate on the Hill amendment No. 4.
Jun 16, 2021
POSTPONED PROCEEDINGS - At the conclusion of debate on the Waters amendment en bloc, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Ms. Waters demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Jun 16, 2021
DEBATE - Pursuant to the provisions of H. Res. 473, the House proceeded with 20 minutes of debate on the Waters amendment en bloc No. 1.
Jun 16, 2021
POSTPONED PROCEEDINGS - At the conclusion of debate on the Burgess amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mr. Burgess demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Jun 16, 2021
DEBATE - Pursuant to the provisions of H. Res. 473, the House proceeded with 10 minutes of debate on the Burgess amendment No. 1.
Jun 16, 2021
DEBATE - The House proceeded with one hour of debate on H.R. 1187.
Jun 16, 2021
Resolution provides for consideration of H.R. 256 under a closed rule and provides for consideration of H.R. 1187 under a structured rule. The resolution provides for one hour of debate for each bill and for one motion to recommit for each bill. The resolution provides that H. Res. 467 is adopted.
Jun 16, 2021
Considered under the provisions of rule H. Res. 473. (consideration: CR H2830-2855; text: CR H2830-2834)
Jun 14, 2021
Rule H. Res. 473 passed House.
Jun 14, 2021
Rules Committee Resolution H. Res. 473 Reported to House. Resolution provides for consideration of H.R. 256 under a closed rule and provides for consideration of H.R. 1187 under a structured rule. The resolution provides for one hour of debate for each bill and for one motion to recommit for each bill. The resolution provides that H. Res. 467 is adopted.
Jun 8, 2021
Placed on the Union Calendar, Calendar No. 37.
Jun 8, 2021
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-54.
Apr 21, 2021
Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 22.
Apr 21, 2021
Committee Consideration and Mark-up Session Held.
Apr 20, 2021
Committee Consideration and Mark-up Session Held.
Feb 18, 2021
Referred to the House Committee on Financial Services.
Feb 18, 2021
Introduced in House
Votes taken on this bill
2
| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| Jun 16, 2021 | House · vote #169 | On Passage | Passed | 215–214 | See who voted → |
| Jun 16, 2021 | House · vote #168 | On Motion to Recommit | Failed | 207–218 | See who voted → |
Plain-English summary
Corporate Governance Improvement and Investor Protection Act
This bill requires publicly traded companies to periodically disclose information related to
- environmental, social, and governance performance metrics;
- expenditures for certain political activities;
- compensation information regarding executive officers and employees;
- climate change-related risks, including direct and indirect greenhouse gas emissions and fossil fuel-related assets;
- tax jurisdiction, income, and assets of constituent entities on a country-by-country basis;
- workforce management policies, practices, and performance;
- incidents of workplace harassment and retaliation;
- cybersecurity;
- the demographic composition of the board of directors and executive officers; and
- manufacturing activity in China's Xinjiang Uyghur Autonomous Region.
The bill also establishes the Sustainable Finance Advisory Committee that must, among other duties, recommend to the Securities and Exchange Commission (SEC) policies to facilitate the flow of capital toward environmentally sustainable investments.
The SEC must report on the viability and occurrence of shareholder collective action, particularly regarding employment, environmental, social, and governance issues.
The SEC must also report on compliance issues small businesses face with respect to disclosure requirements related to environmental, social, and governance performance metrics.
What's happening now
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
2
Cosponsors
1