Improving Corporate Governance Through Diversity Act of 2019
Latest action · Jul 11, 2019 Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 5.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 6, 2019
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 27
Members who signed on, in the order they did. Signatures ran from Feb 6, 2019 to Jun 20, 2019; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NC | Alma S. Adams | Original | Feb 6, 2019 |
| D-TX | Al Green | Feb 27, 2019 | |
| D-FL | Al Lawson, Jr. | Feb 27, 2019 | |
| D-FL | Alcee L. Hastings | Feb 27, 2019 | |
| D-CA | Barbara Lee | Feb 27, 2019 | |
| D-MS | Bennie G. Thompson | Feb 27, 2019 | |
| D-IL | Bobby L. Rush | Feb 27, 2019 | |
| D-GA | David Scott | Feb 27, 2019 | |
| D-VA | Donald S. Beyer, Jr. | Feb 27, 2019 | |
| D-DC | Eleanor Holmes Norton | Feb 27, 2019 | |
| D-CA | Gilbert Ray Cisneros, Jr. | Feb 27, 2019 | |
| D-WI | Gwen Moore | Feb 27, 2019 | |
| D-NY | Kathleen M. Rice | Feb 27, 2019 | |
| D-PA | Madeleine Dean | Feb 27, 2019 | |
| D-OH | Marcia L. Fudge | Feb 27, 2019 | |
| D-IL | Raja Krishnamoorthi | Feb 27, 2019 | |
| D-TN | Steve Cohen | Feb 27, 2019 | |
| D-AL | Terri A. Sewell | Feb 27, 2019 | |
| D-CA | Tony Cárdenas | Feb 27, 2019 | |
| D-TX | Vicente Gonzalez | Feb 27, 2019 | |
| D-NY | Yvette D. Clarke | Feb 27, 2019 | |
| D-NY | Anthony Brindisi | Mar 6, 2019 | |
| D-NJ | Bonnie Watson Coleman | Mar 6, 2019 | |
| D-OH | Tim Ryan | Mar 6, 2019 | |
| D-WA | Adam Smith | Apr 1, 2019 | |
| D-NY | Carolyn B. Maloney | Jun 18, 2019 | |
| D-MO | Emanuel Cleaver | Jun 20, 2019 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Feb 6, 2019Markup Jul 11, 2019 |
Actions 4
Everything that happened, newest first.
- Jul 11, 2019Committee Consideration and Mark-up Session Held.
- Jul 11, 2019Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 5.
- Feb 6, 2019Introduced in House
- Feb 6, 2019Referred to the House Committee on Financial Services.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Congressional Budget Office cost estimate
- Aug 21, 2019H.R. 1018, Improving Corporate Governance through Diversity Act of 2019As ordered reported by the House Committee on Financial Services on July 11, 2019
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 165, no. 23, February 6, 2019, page H1393.
CRS reports 2
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 2
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| IF11221 | Introduction to Financial Services: Corporate Governance Archived | Resource | Feb 3, 2020 |
| IF11222 | Corporate Governance: Board Diversity Archived | Resource | May 21, 2019 |
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 360 | Improving Corporate Governance Through Diversity Act of 2019 | Related bill | Feb 6, 2019 |
| HR 5084 | Improving Corporate Governance Through Diversity Act of 2019 | Related bill | Nov 20, 2019 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Securities Exchange Act of 1934 to require the submission by issuers of data relating to diversity and for other purposes.
- Short Title(s) as Introduced
- Improving Corporate Governance Through Diversity Act of 2019
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Advisory bodies
- Business records
- Corporate finance and management
- Finance and Financial Sector
- Government information and archives
- Minority employment
- Racial and ethnic relations
- Securities
- Sex, gender, sexual orientation discrimination
- Veterans' education, employment, rehabilitation
- Women in business
- Women's employment
Text 1
Each version as it was printed, newest first.
- Feb 6, 2019Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
