To amend the Securities Exchange Act of 1934 to require the submission by issuers of data relating to diversity and for other purposes.
Improving Corporate Governance Through Diversity Act of 2019
This bill requires certain issuers of securities to disclose the racial, ethnic, and gender composition of their boards of directors and executive officers, as well as the status of any of those directors and officers as a veteran. It also requires the disclosure of any plan to promote racial, ethnic, and gender diversity among these groups.
The Securities and Exchange Commission must establish a Diversity Advisory Group to report on strategies to increase gender, racial, and ethnic diversity among board members.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 5.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Mr. Green, Al (TX) moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H8927-8929)
DEBATE - The House proceeded with forty minutes of debate on H.R. 5084.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business. (consideration: CR H8971-8972)
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 281 - 135 (Roll no. 630).(text: CR 11/18/2019 H8927-8928)
Roll Call #630 (House)On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 281 - 135 (Roll no. 630). (text: CR 11/18/2019 H8927-8928)
Roll Call #630 (House)checking server…
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Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.