Improving Corporate Governance Through Diversity Act of 2019

Bill: 116-hr-5084
Sponsor: Rep. Meeks, Gregory W. [D-NY-5]
Introduced: 2019-11-14 in the House
Policy area: Finance and Financial Sector
Subjects: Advisory bodies
Business records
Congressional oversight
Corporate finance and management
Employment discrimination and employee rights
Government information and archives
Government studies and investigations
Minority employment
Racial and ethnic relations
Securities
Sex, gender, sexual orientation discrimination
Veterans' education, employment, rehabilitation
Women in business
Women's employment

Summary:
action_date: 2019-11-14
text: 

Improving Corporate Governance Through Diversity Act of 2019 

 
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.

action_date: 2019-11-19
text: 

Improving Corporate Governance Through Diversity Act of 2019 

 
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.


Legislative actions:
action_date: 2019-11-20
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2019-11-19
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2019-11-19
text: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 281 - 135 (Roll no. 630). (text: CR 11/18/2019 H8927-8928)
action_date: 2019-11-19
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 281 - 135 (Roll no. 630).(text: CR 11/18/2019 H8927-8928)
action_date: 2019-11-19
text: Considered as unfinished business. (consideration: CR H8971-8972)
action_date: 2019-11-18
text: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
action_date: 2019-11-18
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 5084.
action_date: 2019-11-18
text: Considered under suspension of the rules. (consideration: CR H8927-8929)
action_date: 2019-11-18
text: Mr. Green, Al (TX) moved to suspend the rules and pass the bill.
action_date: 2019-11-14
text: Referred to the House Committee on Financial Services.
action_date: 2019-11-14
text: Introduced in House
action_date: 2019-11-14
text: Introduced in House