S. 374IntroducedFINANCE AND FINANCIAL SECTOR
Improving Corporate Governance Through Diversity Act of 2021
Advisory bodies · Business records · Congressional oversight
Sponsor
Sen. Menendez, Robert [D-NJ]
D · NJ
Key facts
Introduced: Feb 23, 2021
Chamber: Senate
Cosponsors: 11
Congress: 117th
Latest action · Sep 15, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
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.
Summary by Congressional Research Service.
Timeline
- Sep 15, 2022Committee on Banking, Housing, and Urban Affairs. Hearings held.
- Sep 15, 2022Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-748.
- Feb 23, 2021Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Feb 23, 2021Introduced in Senate
Cosponsors
- Sen. Warren, Elizabeth [D-MA] D-MA
- Sen. Van Hollen, Chris [D-MD] D-MD
- Sen. Booker, Cory A. [D-NJ] D-NJ
- Sen. Feinstein, Dianne [D-CA] D-CA
- Sen. Padilla, Alex [D-CA] D-CA
- Sen. Gillibrand, Kirsten E. [D-NY] D-NY
- Sen. Cortez Masto, Catherine [D-NV] D-NV
- Sen. Warnock, Raphael G. [D-GA] D-GA
- Sen. Brown, Sherrod [D-OH] D-OH
- Sen. Smith, Tina [D-MN] D-MN
- Sen. Hirono, Mazie K. [D-HI] D-HI
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View official record on Congress.gov →
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