Shareholder Political Transparency Act of 2020
Latest action · Dec 8, 2020 Placed on the Union Calendar, Calendar No. 517.
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 21, 2020
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 19
Members who signed on, in the order they did. Signatures ran from Feb 21, 2020 to Mar 3, 2020; 11 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MN | Dean Phillips | Original | Feb 21, 2020 |
| D-DC | Eleanor Holmes Norton | Original | Feb 21, 2020 |
| D-NY | Grace Meng | Original | Feb 21, 2020 |
| D-IL | Janice D. Schakowsky | Original | Feb 21, 2020 |
| D-CO | Jason Crow | Original | Feb 21, 2020 |
| D-NY | Jerrold Nadler | Original | Feb 21, 2020 |
| D-NY | Nydia M. Velázquez | Original | Feb 21, 2020 |
| D-OR | Peter A. DeFazio | Original | Feb 21, 2020 |
| D-VT | Peter Welch | Original | Feb 21, 2020 |
| D-CA | Salud O. Carbajal | Original | Feb 21, 2020 |
| D-NJ | Tom Malinowski | Original | Feb 21, 2020 |
| D-WA | Denny Heck | Feb 25, 2020 | |
| D-MO | Emanuel Cleaver | Feb 25, 2020 | |
| D-MD | Jamie Raskin | Feb 25, 2020 | |
| D-MA | Stephen F. Lynch | Feb 25, 2020 | |
| D-CO | Ed Perlmutter | Feb 27, 2020 | |
| D-IL | Jesús G. "Chuy" García | Feb 27, 2020 | |
| D-IL | Mike Quigley | Mar 2, 2020 | |
| D-PA | Matt Cartwright | Mar 3, 2020 |
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 21, 2020Markup Feb 28, 2020Reported Dec 8, 2020 |
Actions 7
Everything that happened, newest first.
- Dec 8, 2020Reported (Amended) by the Committee on Financial Services. H. Rept. 116-632.
- Dec 8, 2020Placed on the Union Calendar, Calendar No. 517.
- Feb 28, 2020Committee Consideration and Mark-up Session Held.
- Feb 28, 2020Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 25.
- Feb 27, 2020Committee Consideration and Mark-up Session Held.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Lists H1169H.R. 5929–5951 | — | Feb 21, 2020 |
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
Congressional Budget Office cost estimate
- Jun 16, 2020H.R. 5929, Shareholder Political Transparency Act of 2020As ordered reported by the House Committee on Financial Services on February 28, 2020
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 166, no. 35, February 21, 2020, page H1169.
Related bills 4
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 949 | For the People Act of 2019 | Related bill | Mar 28, 2019 |
| HR 1087 | Shareholder Political Transparency Act of 2021 | Reintroduced Bill | Jun 8, 2021 |
| S 1630 | Shareholder Protection Act of 2019 | Related bill | May 23, 2019 |
| HR 4491 | Shareholder Protection Act | Related bill | Sep 25, 2019 |
Titles 3
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 reporting of certain expenditures for political activities, and for other purposes.
- Short Title(s) as Introduced
- Shareholder Political Transparency Act of 2020
- Short Title(s) as Reported to House
- Shareholder Political Transparency Act of 2020
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 2
Each version as it was printed, newest first.
- Dec 8, 2020Reported in House
- Feb 21, 2020Introduced 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.
