To require the advance disclosure to shareholders of certain executive pension plans.
Corporate Advance Disclosure Act of 2005 - Amends the Securities Exchange Act of 1934 to require an issuer to provide at least 60 days advance notice to the Securities and Exchange Commission if it creates, substantially increases, or funds any non-qualified pension plan for which a director or executive officer is the beneficiary.
Requires implementing SEC rules to require that the disclosure separately state each creation, increase, or funding with respect to each such director or officer.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Sponsor introductory remarks on measure. (CR E1318-1319)
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
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