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HR 3276 117th Congress House Finance and Financial Sector

Prioritizing Information for Investors Act

Introduced: May 17, 2021 Introduced by: Huizenga, Bill Republican · Michigan See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 17, 2021
Referred to the House Committee on Financial Services.
May 17, 2021
Introduced in House
 Plain-English summary Congressional Research Service

Prioritizing Information for Investors Act

This bill eliminates specified disclosure requirements for publicly traded companies. Specifically, these companies are no longer required to publicly disclose the ratio of median annual employee compensation to the annual compensation of the chief executive officer.

In addition, these companies are not required to report on the use of conflict minerals originating from the Democratic Republic of the Congo. (Conflict minerals directly or indirectly finance or benefit armed groups in specified areas.)

Finally, the bill eliminates the requirement that companies that extract resources must annually report on payments made by the company to a foreign government or the federal government for the purpose of the commercial development of oil, natural gas, or minerals.

What's happening now May 17, 2021

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1