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H.R. 1372 · 108th Congress

Broad-Based Stock Option Plan Transparency Act of 2003

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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

DDR DreierSponsor
111 cosponsors · 43 D, 68 R
CCR Cox TDR Davis CDD Dooley AED Eshoo BGR Goodlatte JHD Harman AHR Houghton MHD Honda ZLD Lofgren MMD McIntyre DOR Ose BOR Otter PSR Sessions ASD Smith LSR Smith MTD Thompson FUR Upton LDD Davis GMR Miller RPR Pombo JWR Weller WHR Herger RKD Kind DMD Moore MSR Simpson GMD Meeks MSR Souder RBR Bishop JDR Doolittle JFR Flake JID Inslee ERR Royce GWR Walden EBD Blumenauer ADD Davis BBR Beauprez JDR Hayworth DHD Hooley JMD Matheson HWR Wilson JCD Crowley TLR Latham MSD Sandlin JWR Wilson DGD Gephardt LSD Sanchez JCR Carter DIR Issa CBD Bell JHR Hensarling SJR Johnson MMD Meehan DRR Rohrabacher CCR Cannon CJD John FSR Sensenbrenner JSR Shadegg ZWR Wamp JIR Isakson TLD Lantos JLR Linder GNR Nethercutt BCD Cramer BMD Miller APR Putnam TRR Reynolds MBR Burgess CGD Gonzalez RHD Hall KHR Harris JMR McCrery SBR Boehlert HBR Bonilla KCR Calvert PER English TTR Tancredo TUD Udall DPD Price BBD Baird NDD Dicks MMR Musgrave SPR Pearce JMD McGovern JTD Turner DCD Cardoza DWD Wu RBD Boucher JCD Carson RWR Wicker RBR Blunt JAR Ann Davis DHR Hastings MCD Capuano TCR Cole ECR Cantor RLD Larsen ETD Tauscher DCR Cunningham DPR Pryce JHR Hefley DNR Nunes DVR Vitter MBR Blackburn PCR Crane RNR Neugebauer SMR McInnis LDR Diaz-Balart RAD Andrews TFR Feeney MRR Rogers SBR Bachus

17 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Broad-Based Stock Option Plan Transparency Act of 2003 - Directs the Securities and Exchange Commission (SEC) to require companies to include within certain mandatory reports details regarding stock option plans, stock purchase plans, and other arrangements involving employee acquisition of an equity interest in the company, including: (1) a discussion of…

What it does: CRS summary · Introduced in House · Mar 20, 2003

Broad-Based Stock Option Plan Transparency Act of 2003 - Directs the Securities and Exchange Commission (SEC) to require companies to include within certain mandatory reports details regarding stock option plans, stock purchase plans, and other arrangements involving employee acquisition of an equity interest in the company, including: (1) a discussion of the dilutive effect of stock option plans (written in accordance with the Plain English Handbook published by the Office of Investor Education and Assistance of the Commission); (2) expanded disclosure of the dilutive effect of employee stock options on the company's earnings per share number; (3) prominent placement and increased comparability of all stock option related information; and (4) a summary of stock options granted to the five most highly compensated executive officers, including outstanding stock options of those officers.

Directs the SEC to examine and report to specified congressional committees on the effectiveness of the enhanced disclosures required by this Act in increasing transparency to current and potential investors.

Prohibits the Commission, between enactment of this Act and submission of such report, from recognizing as generally accepted accounting principles any new accounting standards regarding the treatment of stock options.

Directs the Secretary of Commerce to analyze and report to specified congressional committees on broad-based employee stock option plans, particularly in the high technology and any other high growth industries.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Broad-Based Stock Option Plan Transparency Act of 2003

Latest action (Mar 31, 2003): Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

Policy area: Finance and Financial Sector · Origin: House · Introduced: Mar 20, 2003

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.