H.R. 1277: Improving Corporate Governance Through Diversity Act of 2021

CBO Score

$1 million

Date of Report

Tue May 25th, 2021

Notes

Fees removed from estimate

CBO Report Details

Legislation Details

117th Congress

To amend the Securities Exchange Act of 1934 to require the submission by issuers of data relating to diversity, and for other purposes.

Sponsor: Rep. Gregory Meeks — D — NY

Requires certain issuers of securities to disclose the racial, ethnic, and gender composition of their boards of directors and executive officers, as well as the status of any of those directors and officers as a veteran. It also requires the disclosure of any plan to promote racial, ethnic, and gender diversity among these groups. The Securities and Exchange Commission must establish a Diversity Advisory Group to report o...

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