3.0.0 979 2023-01-15T16:03:46Z 2023-01-15T16:03:46Z Senate S S 2003-05-01 108 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2003-05-01T21:23:16Z 2003-05-01 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S5671) IntroReferral 2003-05-01 Sponsor introductory remarks on measure. (CR S5670-5671) IntroReferral B00100 9 Library of Congress 2003-05-01 Introduced in Senate IntroReferral 10000 9 Library of Congress E000194 Sen. Ensign, John [R-NV] JOHN ENSIGN R NV N B000711 Sen. Boxer, Barbara [D-CA] BARBARA BOXER D CA 2003-05-01 True C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA 2003-05-01 True C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2003-05-01 True C000858 Sen. Craig, Larry E. [R-ID] LARRY CRAIG R ID EDWIN 2003-05-01 True A000121 Sen. Allen, George [R-VA] GEORGE ALLEN R VA F. 2003-05-01 True M001111 Sen. Murray, Patty [D-WA] Patty Murray D WA 2003-05-01 True F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2003-05-01 True R000146 Sen. Reid, Harry [D-NV] HARRY REID D NV M. 2003-05-01 True A000109 Sen. Allard, Wayne [R-CO] A. ALLARD R CO WAYNE 2003-05-01 True B001126 Sen. Burns, Conrad R. [R-MT] CONRAD BURNS R MT R. 2003-05-01 True W000154 Sen. Warner, John [R-VA] JOHN WARNER R VA WILLIAM 2003-05-01 True B000382 Sen. Bennett, Robert F. [R-UT] ROBERT BENNETT R UT F. 2003-05-01 True S001142 Sen. Smith, Gordon H. [R-OR] GORDON SMITH R OR H. 2003-05-01 True S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2003-05-01 True C001057 Sen. Coleman, Norm [R-MN] Norm Coleman R MN 2003-05-01 True D000407 Sen. Domenici, Pete V. [R-NM] PETE DOMENICI R NM VICHI 2003-05-05 False K000105 Sen. Kennedy, Edward M. [D-MA] EDWARD KENNEDY D MA MOORE 2003-05-12 False B000468 Sen. Bingaman, Jeff [D-NM] JESSE BINGAMAN D NM FRANCIS 2003-06-09 False N000102 Sen. Nickles, Don [R-OK] DONALD NICKLES R OK LEE 2003-06-18 False T000024 Sen. Talent, Jim [R-MO] JIM TALENT R MO 2004-05-18 False Finance and Financial Sector Accounting Commerce Congress Congressional reporting requirements Earnings Economic impact statements Economics and Public Finance Employee motivation Employee ownership Employee stock options Executive compensation Financial statements Foreign Trade and International Finance Government Operations and Politics High technology Independent regulatory commissions Industrial research Information disclosure (Securities law) International competitiveness Investors Labor and Employment Product development Recruiting of employees Science, Technology, Communications Securities and Exchange Commission Skilled labor Standards Technological innovations Finance and Financial Sector 00 2003-05-01 Introduced in Senate 2003-09-26T21:33:49Z Broad-Based Stock Option Plan Transparency Act of 2003 - Directs the Securities and Exchange Commission (SEC) to require that certain mandatory periodic reports include detailed information regarding stock option plans, stock purchase
plans, and other arrangements involving an employee acquisition of an equity interest in the publicly traded company, particularly with respect to the dilutive effect of such plans.

Requires such reports to include: (1) a discussion, written in "plain English" of the dilutive effect of stock option plans, including tables or graphic illustrations; (2) expanded disclosure of the dilutive effect of employee stock options upon the earnings per share number of the company; (3) prominent placement and increased comparability of all stock options related information; and (4) a summary of the stock options granted to the five most highly compensated executive officers of the company, including any outstanding stock options of those officers.

Directs the SEC to study and report to Congress on the effectiveness of the enhanced disclosures in increasing transparency to investors.

Prohibits the SEC from recognizing as generally accepted accounting principles for purposes of enforcing the securities laws any accounting standards related to the treatment of stock options that it did not recognize for that purpose before April 1, 2003.

Instructs the Secretary of Commerce to report to Congress on a study and analysis of broad-based employee stock option plans, particularly in the high technology and any other high growth industries.

]]> Broad-Based Stock Option Plan Transparency Act of 2003 Display Title Broad-Based Stock Option Plan Transparency Act of 2003 Official Title as Introduced A bill to direct the Securities and Exchange Commission to require enhanced disclosures of employee stock options, to require a study on the economic impact of broad-based employee stock option plans, and for other purposes. Introduced in Senate IS Short Titles as Introduced Broad-Based Stock Option Plan Transparency Act of 2003 Introduced in Senate 2003-05-01T04:00:00Z 2003-05-01 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S5671) 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.