I 
110TH CONGRESS 
1ST SESSION H. R. 1208 
To amend the Securities and Exchange Act of 1934 to require improved 
disclosure of corporate charitable contributions, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 27, 2007 
Mr. GILLMOR (for himself and Mr. BAKER) introduced the following bill; 
which was referred to the Committee on Financial Services 
A BILL 
To amend the Securities and Exchange Act of 1934 to re-
quire improved disclosure of corporate charitable con-
tributions, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Corporate Charitable 
Disclosure Act of 2007’’. 
SEC. 2. DISCLOSURE OF CHARITABLE CONTRIBUTIONS. 
Section 14 of the Securities and Exchange Act of 
1934 (15 U.S.C. 78n) is amended by adding at the end 
thereof the following new subsection: 
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‘‘(i) DISCLOSURE OF CHARITABLE CONTRIBU-
TIONS.— 
‘‘(1) DISCLOSURES REQUIRED.— 
‘‘(A) SUBSTANTIAL
CONTRIBUTIONS 
TO INSIDER-AFFILIATED CHARITIES.—The 
statements or documents described in sub-
paragraph (B) shall include— 
‘‘(i) a disclosure of contributions 
whose value exceeds the designated 
amount that were made by the issuer 
during the issuer’s previous year to 
any nonprofit organization of which a 
director, officer, or controlling person 
of the issuer, or a spouse thereof, was 
a director or trustee; and 
‘‘(ii) the name of such nonprofit 
organization and the value of the con-
tribution. 
‘‘(B) STATEMENTS AND DOCUMENTS 
COVERED.—The requirements of subpara-
graph (A) apply to— 
‘‘(i) the proxy statement or other 
documents accompanying any proxy, 
consent, or authorization solicited by 
or on behalf of the management of an 
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issuer in respect of a security reg-
istered pursuant to section 12 of this 
title, or a security issued by an invest-
ment company registered under the 
Investment Company Act of 1940, 
prior to any annual meeting of the 
holders of such security; or 
‘‘(ii) if proxies, consents, or au-
thorizations are not solicited by the 
management in respect of the annual 
meeting, 
the 
written 
information 
statement distributed in connection 
therewith. 
‘‘(2) ANNUAL STATEMENTS REQUIRED.— 
Every issuer with a security registered pursuant 
to section 12 of this title, or a security issued 
by an investment company registered under the 
Investment Company Act of 1940, shall annu-
ally make available, in a format designated by 
the Commission, the total value of contributions 
made by the issuer to nonprofit organizations 
during its previous fiscal year, and, if the value 
of contributions to any organization exceeds the 
designated amount, the name of that organiza-
tion and the value of contributions. 
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‘‘(3) DEFINITIONS.—For purposes of this 
subsection— 
‘‘(A) the term ‘designated amount’ 
means such amount as may be designated 
by the Commission by rule, consistent with 
the public interest and the protection of in-
vestors for purposes of this subsection; and 
‘‘(B) the Commission may, by such 
rules as it deems necessary or appropriate 
in the public interest, define the terms ex-
ecutive officer and controlling person.’’. 
Æ 
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