Diversity in Corporate Leadership Act of 2020

Senate Bill 3367 - Diversity in Corporate Leadership Act of 2020: Overview, Status, and Impact

Hozzl · 2022-02-08T23:22:59Z

Explore the details of Senate Bill 3367 Diversity in Corporate Leadership Act of 2020 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

2/8/2022, 11:22 PM

Congressional Summary of S 3367

Diversity in Corporate Leadership Act of 2020

This bill requires each issuer to disclose, in any proxy or consent solicitation material for an annual shareholders meeting, the gender, racial, and ethnic composition of its board of directors and nominees for board membership.

The Securities and Exchange Commission shall establish a Diversity Advisory Group, composed of government, academic, and private-sector representatives, to study strategies for increasing gender, racial, and ethnic diversity among the members of issuers' boards of directors.

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Current Status of Bill S 3367

Bill S 3367 is currently in the status of Bill Introduced since March 2, 2020. Bill S 3367 was introduced during Congress 116 and was introduced to the Senate on March 2, 2020. Bill S 3367's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 2, 2020

Bipartisan Support of Bill S 3367

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3367

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Administrative law and regulatory procedures

- Advisory bodies

- Congressional oversight

- Corporate finance and management

- Employment discrimination and employee rights

- Executive agency funding and structure

- Government information and archives

- Government studies and investigations

- Minority employment

- Racial and ethnic relations

- Securities

- Securities and Exchange Commission (SEC)

- Sex, gender, sexual orientation discrimination

- Women in business

- Women's employment

Alternate Title(s) of Bill S 3367

Diversity in Corporate Leadership Act of 2020

A bill to require the Securities and Exchange Commission to establish a Diversity Advisory Group to study and make recommendations on strategies to increase gender, racial, and ethnic diversity among the members of the board of directors of issuers, to amend the Securities Exchange Act of 1934 to require issuers to make disclosures to shareholders with respect to gender, racial, and ethnic diversity, and for other purposes.