SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Corporate Politics 
Transparency Act’’. 
SEC. 2. DISCLOSURE TO SHAREHOLDERS OF CERTAIN PO-
LITICAL EXPENDITURES. 
(a) QUARTERLY AND ANNUAL REPORTS.—Section 13 
of the Securities Exchange Act of 1934 (15 U.S.C. 78m) 
is amended by adding at the end the following new sub-
section: 
‘‘(s) DISCLOSURE OF CERTAIN POLITICAL EXPENDI-
TURES.— 
‘‘(1) DISCLOSURE REQUIRED.—Each quarterly 
and annual report required under this section or sec-
tion 15(d) shall include a disclosure of the total of 
any political expenditures in support of or in opposi-
tion to any candidate for Federal, State, or local 
public office made by the issuer during the preceding 
6-year period. Such disclosures shall contain, at min-
imum, the name and political party affiliation of 
each candidate in support of whom or in opposition 
to whom a political expenditure was made, the 
amount of each such expenditure, the public office 
that such candidate was or is seeking, including the 
relevant State, city, or district, and a statement of 
the issuer’s interest in and reason for making such 
expenditure. 
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‘‘(2) DEFINITION.—For purposes of this sub-
section, the term ‘political expenditure in support of 
or in opposition to any candidate for Federal, State, 
or local public office’ means an expenditure or series 
of expenditures totaling more than $10,000 for any 
single candidate during any single election that— 
‘‘(A) is an independent expenditure as such 
term is defined in section 301(17) of the Fed-
eral Election Campaign Act of 1971 or is relat-
ing to a candidate for State or local public of-
fice that would be treated as an independent ex-
penditure under such Act if the candidate were 
a candidate for Federal public office; 
‘‘(B) is an electioneering communication, 
as such term is defined in section 304(f)(3) of 
such Act (2 U.S.C. 434(f)(3)); or 
‘‘(C) dues or other payments to any other 
organization that are, or could reasonably be 
anticipated to be, used or transferred to an-
other association or organization for the pur-
poses described in subparagraph (A) or (B).’’. 
(b) PROXIES.—Section 14 of the Securities Exchange 
Act of 1934 (15 U.S.C. 78n) is amended by adding at 
the end the following new subsection: 
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‘‘(k) DISCLOSURE TO SHAREHOLDERS OF POLITICAL 
EXPENDITURES.—Any solicitation of any proxy or consent 
or authorization in respect of any security of an issuer 
shall contain a disclosure of the total of any political ex-
penditures in support of or in opposition to any candidate 
for Federal, State, or local public office made by the issuer 
during the preceding 6-year period. Such disclosure must 
be clear and conspicuous and, at minimum, contain the 
name and political party affiliation of each candidate in 
support of whom or in opposition to whom a political ex-
penditure was made, the amount of each such expenditure, 
the public office that such candidate was or is seeking, 
including the relevant State, city, or district, and a state-
ment of the issuer’s interest in and reason for making 
such expenditure. For purposes of this subsection, the 
term ‘political expenditure in support of or in opposition 
to any candidate for Federal, State, or local public office’ 
has the meaning given such term in section 13(m)(2).’’. 
(c) REGISTRATION STATEMENTS.—Section 7 of the 
Securities Act of 1933 (15 U.S.C. 77g) is amended by 
adding at the end the following: 
‘‘(e) The registration statement shall also contain a 
disclosure of any political expenditures in support of or 
in opposition to any candidate for Federal, State, or local 
public office made by the issuer during the preceding 6- 
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year period. Such disclosure shall contain, at minimum, 
the name and political party affiliation of each candidate 
in support of whom or in opposition to whom a political 
expenditure was made, the amount of each such expendi-
ture, the public office that such candidate was or is seek-
ing, including the relevant State, city, or district, and a 
statement of the issuer’s interest in and reason for making 
such expenditure. For purposes of this subsection, the 
term ‘political expenditure in support of or in opposition 
to any candidate for Federal, State, or local public office’ 
has the meaning given such term in section 13(m)(2) of 
the Securities Exchange Act of 1934 (15 U.S.C. 
78m(m)(3)).’’. 
(d) MODIFICATION OF FORMS.—The Securities and 
Exchange Commission shall make such modifications to 
any forms made available by the Commission to facilitate 
the disclosures required by the amendments made by this 
Act. 
(e) EFFECTIVE DATE.—The amendments made by 
this Act shall take effect beginning with the first reports 
that are the subject of such amendments that are required 
to be filed for the fiscal year that begins after the date 
of enactment of this Act. 
Æ 
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