HR 4329 · 116th Congress 2019–2021, ended

ESG Disclosure Simplification Act of 2019

Introduced Sep 13, 2019 Originated House Sponsor Juan Vargas D-CA

Latest action · Jan 7, 2020 Placed on the Union Calendar, Calendar No. 290.

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.

IntroducedSep 13, 2019
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

ESG Disclosure Simplification Act of 2019

This bill requires an issuer of securities to annually disclose to shareholders certain environmental, social, and governance metrics and their connection to the long-term business strategy of the issuer. The bill also establishes the Sustainable Finance Advisory Committee that must, among other things, recommend to the Securities and Exchange Commission policies to facilitate the flow of capital towards environmentally sustainable investments.

Cosponsors 1

Members who signed on, in the order they did. All signed on Sep 13, 2019.

Seat	Cosponsor		Signed on
D-IL	Jesús G. "Chuy" García	Original	Sep 13, 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 Sep 13, 2019Markup Sep 20, 2019Reported Jan 7, 2020

Actions 8

Everything that happened, newest first.

Jan 7, 2020Reported (Amended) by the Committee on Financial Services. H. Rept. 116-365.
Jan 7, 2020Placed on the Union Calendar, Calendar No. 290.
Sep 20, 2019Committee Consideration and Mark-up Session Held.
Sep 20, 2019Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 22.
Sep 19, 2019Committee Consideration and Mark-up Session Held.
Sep 18, 2019Committee Consideration and Mark-up Session Held.
Sep 13, 2019Introduced in House
Sep 13, 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.

Committee report

H. Rept. 116-365

Congressional Budget Office cost estimate

Nov 20, 2019H.R. 4329, ESG Disclosure Simplification Act of 2019As ordered reported by the House Committee on Financial Services on September 20, 2019

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: (1) To regulate commerce with foreign nations, and among the several states, and with the Indian tribes, as enumerated in Article 1, Section 8, Clause 3 of the U.S. Constitution; (2) to make all laws necessary and proper for executing powers vested by the Constitution in the Government of the United States, as enumerated in Article I, Section 8, Clause 18 of the United States Constitution.

The sponsor’s statement, as printed in the Congressional Record, vol. 165, no. 147, September 13, 2019, page H7711.

Printed hearings 1

Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.

Number	Hearing	Committee	Held
Serial No. 116-98	CAPITAL MARKETS AND EMERGENCY LENDING IN THE COVID-19 ERA173 pages	Financial Services Committee	Jun 25, 2020

CRS reports 1

Congressional Research Service work that CRS links to this bill or the law it became, newest first.

Cite it 1

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

Related bills 1

Companion bills and other measures the record links to this one.

Bill	Title	Relationship	Latest action
HR 1187	Corporate Governance Improvement and Investor Protection Act	Reintroduced Bill	Jun 17, 2021

Titles 3

Every title it has carried, official and short, at each stage.

Official Title as Introduced: To provide for disclosure of additional material information about public companies and establish a Sustainable Finance Advisory Committee, and for other purposes.
Short Title(s) as Introduced: ESG Disclosure Simplification Act of 2019
Short Title(s) as Reported to House: ESG Disclosure Simplification Act of 2019

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 2

Each version as it was printed, newest first.

Jan 7, 2020Reported in House
Sep 13, 2019Introduced in House

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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.