Prioritizing Information for Investors Act

Bill: 117-hr-3276
Sponsor: full_name: Rep. Huizenga, Bill [R-MI-2]
Introduced: 2021-05-17
Policy area: Finance and Financial Sector
Latest action: action_date: 2021-05-17
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2021-05-17
action_desc: Introduced in House
text: <p><strong>Prioritizing Information for Investors Act </strong></p> <p>This bill eliminates specified disclosure requirements for publicly traded companies. Specifically, these companies are no longer required to publicly disclose the ratio of median annual employee compensation to the annual compensation of the chief executive officer. </p> <p>In addition, these companies are not required to report on the use of conflict minerals originating from the Democratic Republic of the Congo. (Conflict minerals directly or indirectly finance or benefit armed groups in specified areas.) </p> <p>Finally, the bill eliminates the requirement that companies that extract resources must annually report on payments made by the company to a foreign government or the federal government for the purpose of the commercial development of oil, natural gas, or minerals. </p>

tv_txt: I 117th CONGRESS 1st Session H. R. 3276 IN THE HOUSE OF REPRESENTATIVES May 17, 2021 Mr. Huizenga introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal certain disclosure requirements, and for other purposes.

1. Short title This Act may be cited as the Prioritizing Information for Investors Act . 2. Repeal of certain disclosure requirements (a) Dodd-Frank The Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5301 et seq. ) is amended— (1) by repealing— (A) subsection (b) of section 953; (B) section 1502; (C) section 1503; and (D) section 1504; and (2) in the table of contents for the Act, by striking the items relating to section 1502, 1503, and 1504. (b) Securities Exchange Act of 1934 Section 13 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m ) is amended— (1) by repealing subsections (p) and (q); and (2) by redesignating subsection (r) as subsection (p).