Corporate Governance Improvement and Investor Protection Act

Fact Sheet API

Bill Number

HR 1187

Introduced

Feb 18, 2021

Latest Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsor

Cosponsors

Topics

Administrative law and regulatory procedures Administrative remedies Advisory bodies Air quality Alternative and renewable resources Asia Assault and harassment offenses Atmospheric science and weather Business ethics Business investment and capital Business records China Climate change and greenhouse gases Coal Computer security and identity theft Congressional oversight Contracts and agency Corporate finance and management Detention of persons Elections, voting, political campaign regulation Employee benefits and pensions Employee hiring Employment and training programs Employment discrimination and employee rights Environmental assessment, monitoring, research Finance and Financial Sector Financial services and investments Fraud offenses and financial crimes Government ethics and transparency, public corruption Government information and archives Government studies and investigations Human rights Labor market Labor standards Labor-management relations Manufacturing Minority employment Oil and gas Racial and ethnic relations Religion Securities Securities and Exchange Commission (SEC) Self-employed Sex offenses Small business Tax administration and collection, taxpayers Taxation of foreign income Temporary and part-time employment Unemployment Wages and earnings Women's employment Worker safety and health

Full Text

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Votes

Summary

Corporate Governance Improvement and Investor Protection Act

This bill requires publicly traded companies to periodically disclose information related to

environmental, social, and governance performance metrics;
expenditures for certain political activities;
compensation information regarding executive officers and employees;
climate change-related risks, including direct and indirect greenhouse gas emissions and fossil fuel-related assets;
tax jurisdiction, income, and assets of constituent entities on a country-by-country basis;
workforce management policies, practices, and performance;
incidents of workplace harassment and retaliation;
cybersecurity;
the demographic composition of the board of directors and executive officers; and
manufacturing activity in China's Xinjiang Uyghur Autonomous Region.

The bill also establishes the Sustainable Finance Advisory Committee that must, among other duties, recommend to the Securities and Exchange Commission (SEC) policies to facilitate the flow of capital toward environmentally sustainable investments.

The SEC must report on the viability and occurrence of shareholder collective action, particularly regarding employment, environmental, social, and governance issues.

The SEC must also report on compliance issues small businesses face with respect to disclosure requirements related to environmental, social, and governance performance metrics.

Actions

Jun 17, 2021

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 16, 2021

Motion to reconsider laid on the table Agreed to without objection.
Jun 16, 2021

On passage Passed by the Yeas and Nays: 215 - 214 (Roll no. 169).
Jun 16, 2021

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 215 - 214 (Roll no. 169).
Jun 16, 2021

On motion to recommit Failed by the Yeas and Nays: 207 - 218 (Roll no. 168).
Jun 16, 2021

The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
Jun 16, 2021

Mr. Barr moved to recommit to the Committee on Financial Services. (text: CR H2862)
Jun 16, 2021

The previous question was ordered pursuant to the rule.
Jun 16, 2021

Motion to reconsider laid on the table. Agreed to without objection.
Jun 16, 2021

UNFINISHED BUSINESS - The Chair announced that the unfinished business was on agreeing to amendments which were debated earlier and on which previous questions were postponed.
Jun 16, 2021

Considered as unfinished business. (consideration: CR H2859-2863)
Jun 16, 2021

Pursuant to clause 1(c) of rule XIX, the House resumed consideration of H.R. 1187.
Jun 16, 2021

POSTPONED PROCEEDINGS - Pursuant to clause 1(c) of rule XIX further proceedings on H.R. 1187 were postponed.
Jun 16, 2021

DEBATE - Pursuant to the provisions of H. Res. 473, the House proceeded with 10 minutes of debate on the Plaskett amendment No. 10.
Jun 16, 2021

POSTPONED PROCEEDINGS - At the conclusion of debate on the Schrier amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Jun 16, 2021

DEBATE - Pursuant to the provisions of H. Res. 473, the House proceeded with 10 minutes of debate on the Schrier amendment No. 8.
Jun 16, 2021

POSTPONED PROCEEDINGS - At the conclusion of debate on the Hill amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Hill demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Jun 16, 2021

DEBATE - Pursuant to the provisions of H. Res. 473, the House proceeded with 10 minutes of debate on the Hill amendment No. 4.
Jun 16, 2021

POSTPONED PROCEEDINGS - At the conclusion of debate on the Waters amendment en bloc, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Ms. Waters demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Jun 16, 2021

DEBATE - Pursuant to the provisions of H. Res. 473, the House proceeded with 20 minutes of debate on the Waters amendment en bloc No. 1.
Jun 16, 2021

POSTPONED PROCEEDINGS - At the conclusion of debate on the Burgess amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mr. Burgess demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Jun 16, 2021

DEBATE - Pursuant to the provisions of H. Res. 473, the House proceeded with 10 minutes of debate on the Burgess amendment No. 1.
Jun 16, 2021

DEBATE - The House proceeded with one hour of debate on H.R. 1187.
Jun 16, 2021

Resolution provides for consideration of H.R. 256 under a closed rule and provides for consideration of H.R. 1187 under a structured rule. The resolution provides for one hour of debate for each bill and for one motion to recommit for each bill. The resolution provides that H. Res. 467 is adopted.
Jun 16, 2021

Considered under the provisions of rule H. Res. 473. (consideration: CR H2830-2855; text: CR H2830-2834)
Jun 14, 2021

Rules Committee Resolution H. Res. 473 Reported to House. Resolution provides for consideration of H.R. 256 under a closed rule and provides for consideration of H.R. 1187 under a structured rule. The resolution provides for one hour of debate for each bill and for one motion to recommit for each bill. The resolution provides that H. Res. 467 is adopted.
Jun 14, 2021

Rule H. Res. 473 passed House.
Jun 8, 2021

Placed on the Union Calendar, Calendar No. 37.
Jun 8, 2021

Reported (Amended) by the Committee on Financial Services. H. Rept. 117-54.
Apr 21, 2021

Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 22.
Apr 21, 2021

Committee Consideration and Mark-up Session Held.
Apr 20, 2021

Committee Consideration and Mark-up Session Held.
Feb 18, 2021

Referred to the House Committee on Financial Services.
Feb 18, 2021

Introduced in House

Amendments

Related Bills