Summary of Bill HR 2190
Bill 119 HR 2190, also known as the Political Expenditure Transparency Act, aims to amend the Securities Exchange Act of 1934 to mandate the reporting of specific expenditures related to political activities. The bill seeks to increase transparency and accountability in the financial contributions made by corporations and other entities to political causes.
Under this proposed legislation, companies would be required to disclose any expenditures made for political activities, including donations to political campaigns, lobbying efforts, and other forms of political advocacy. This information would need to be reported to the Securities and Exchange Commission (SEC) on a regular basis, ensuring that the public has access to information about the financial influence of corporations in the political sphere.
The bill is designed to provide greater transparency in the political process, allowing voters to better understand the financial interests behind political decisions. By requiring corporations to disclose their political expenditures, the legislation aims to reduce the potential for corruption and undue influence in the political system.
Overall, Bill 119 HR 2190 seeks to promote accountability and integrity in the political process by increasing transparency around corporate political spending. If passed, this legislation could have a significant impact on the way that corporations engage in political activities and could help to restore public trust in the political system.