113 HR 5442 IH: Corporate Transparency and Accountability Act U.S. House of Representatives 2014-09-10 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 113th CONGRESS 2d Session H. R. 5442 IN THE HOUSE OF REPRESENTATIVES September 10, 2014 Mr. Pocan introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Securities Exchange Act of 1934 to require the disclosure of total corporate tax paid by a corporation in each annual report required to be filed under such Act.

1.

Short title

This Act may be cited as the Corporate Transparency and Accountability Act.

2.

Requirement to disclose total corporate taxes paid

Section 13 of the Securities Exchange Act of 1934 (15 U.S.C. 78m) is amended by adding at the end the following new subsection: (s)

Disclosure of total corporate taxes paid

(1)

Disclosure requirement

Each issuer required to file an annual or quarterly report under subsection (a) shall disclose in that report— (A)the total pre-tax profit of the issuer during the period covered by the report; and (B)the total amount paid by the issuer in State and Federal taxes during the period covered by the report. (2)

Availability of information

The Commission shall ensure that, to the greatest extent practicable, the information required by this subsection is publicly available through the Commission website in a manner that is searchable, sortable, and downloadable..