To amend the Securities Exchange Act of 1934 to require reporting of certain expenditures for political activities, and for other purposes.
Shareholder Political Transparency Act of 2020
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.
Referred to the House Committee on Financial Services.
Read twice and referred to the Committee on Finance.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 25.
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-632.
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-632.
Placed on the Union Calendar, Calendar No. 517.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line