Shareholder Political Transparency Act of 2021

Hozzl · 2023-03-08T20:11:58Z

Explore the details of House Bill 1087 Shareholder Political Transparency Act of 2021 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

3/8/2023, 8:11 PM

Summary of Bill HR 1087

Bill 117 HR 1087, also known as the Shareholder Political Transparency Act of 2021, aims to increase transparency and accountability in corporate political spending. The bill requires publicly traded companies to disclose their political expenditures to their shareholders and the public. This includes contributions to political candidates, parties, and organizations, as well as any independent expenditures or electioneering communications.

The bill also mandates that companies establish policies and procedures for overseeing their political spending and disclose these policies to shareholders. Additionally, companies must report any political spending in their annual reports to the Securities and Exchange Commission (SEC).

The Shareholder Political Transparency Act of 2021 seeks to ensure that shareholders are informed about how their investments are being used for political purposes and hold companies accountable for their political activities. By increasing transparency and oversight of corporate political spending, the bill aims to promote greater accountability and integrity in the political process. Overall, the Shareholder Political Transparency Act of 2021 is designed to provide shareholders and the public with more information about corporate political activities and promote transparency and accountability in the realm of corporate political spending.

Current Status of Bill HR 1087

Bill HR 1087 is currently in the status of Bill Introduced since February 18, 2021. Bill HR 1087 was introduced during Congress 117 and was introduced to the House on February 18, 2021. Bill HR 1087's most recent activity was Placed on the Union Calendar, Calendar No. 36. as of June 8, 2021