Senate Bill 374
117th Congress(2021-2022)
Improving Corporate Governance Through Diversity Act of 2021
Introduced
Introduced in Senate on Feb 23, 2021
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
374
Congress
117
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No Senate votes have been held for this bill.
Summary
Improving Corporate Governance Through Diversity Act of 2021
This bill 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 on strategies to increase gender, racial, and ethnic diversity among board members.
February 23, 2021
09/15/2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
02/23/2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
02/23/2021
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:46:34 PM