H.R. 3791 · 112th Congress
To amend the Securities Exchange Act of 1934 to require annual disclosures relating to the compensation…
Full title
To amend the Securities Exchange Act of 1934 to require annual disclosures relating to the compensation brackets in which an issuer's minority and women employees reside.
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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MeeksSponsorNo cosponsors.
Amends the Securities Exchange Act of 1934 to direct the Securities and Exchange Commission (SEC) to promulgate final rules requiring each securities issuer required to file annual reports to: (1) determine the 5 compensation brackets in which its employees reside (where such brackets contain an equal number of employees and range from the 20% of employees…
What it does: CRS summary · Introduced in House · Jan 18, 2012
Amends the Securities Exchange Act of 1934 to direct the Securities and Exchange Commission (SEC) to promulgate final rules requiring each securities issuer required to file annual reports to: (1) determine the 5 compensation brackets in which its employees reside (where such brackets contain an equal number of employees and range from the 20% of employees with the lowest compensation to the 20% with the highest compensation), and (2) include in the issuer's annual reports the number of minorities and women employed that fall into each of the compensation brackets.
Requires such issuers, for purposes of identifying an employee as a minority or woman under this Act, to rely on self-reporting by the employee.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Securities Exchange Act of 1934 to require annual disclosures relating to the compensation brackets in which an issuer's minority and women employees reside.
Latest action (Feb 9, 2012): Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Jan 18, 2012
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.