HR-1087 : Still Just a Bill

Shareholder Political Transparency Act of 2021

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.

Action Timeline

Action DateTypeTextSource
2021-06-08CalendarsPlaced on the Union Calendar, Calendar No. 36.House floor actions
2021-06-08CommitteeReported (Amended) by the Committee on Financial Services. H. Rept. 117-53.House floor actions
2021-04-21CommitteeOrdered to be Reported (Amended) by the Yeas and Nays: 28 - 23.House committee actions
2021-04-21CommitteeCommittee Consideration and Mark-up Session Held.House committee actions
2021-04-20CommitteeCommittee Consideration and Mark-up Session Held.House committee actions
2021-02-18IntroReferralReferred to the House Committee on Financial Services.House floor actions
2021-02-18IntroReferralIntroduced in HouseLibrary of Congress

Policy Area :

Finance and Financial Sector
See Subjects
  • Business expenses
  • Business records
  • Congressional oversight
  • Government Accountability Office (GAO)
  • Government information and archives
  • Political parties and affiliation
  • Securities
  • Securities and Exchange Commission (SEC)
  • Tax-exempt organizations

Related Bills

See Related Bills