3.0.0 970 2023-01-11T13:34:55Z 2023-01-11T13:34:55Z House HR 2017-02-07 115 [Congressional Record Volume 163, Number 21 (Tuesday, February 7, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MEEKS:H.R. 970.Congress has the power to enact this legislation pursuantto the following:The necessary and proper Clause of the US Constitution(Article one, Section 8, Clause 18)[Page H1086]]]> hsba00 Financial Services Committee House Standing Referred to 2017-02-07T15:05:05Z hsgo00 Oversight and Accountability Committee House Standing Referred to 2017-02-07T15:05:00Z 2017-02-07 Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-02-07 Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2017-02-07 Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsgo00 Oversight and Accountability Committee 2017-02-07 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-02-07 Introduced in House IntroReferral 1000 9 Library of Congress M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 N M000087 Rep. Maloney, Carolyn B. [D-NY-12] CAROLYN MALONEY D NY B. 12 2017-02-15 False D000624 Rep. Dingell, Debbie [D-MI-12] Debbie Dingell D MI 12 2017-02-15 False B001300 Rep. Barragan, Nanette Diaz [D-CA-44] Nanette Barragan D CA Diaz 44 2017-02-28 False J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2017-03-02 False L000551 Rep. Lee, Barbara [D-CA-13] BARBARA LEE D CA 13 2017-03-07 False B001281 Rep. Beatty, Joyce [D-OH-3] Joyce Beatty D OH 3 2017-03-07 False J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 2017-03-13 False F000455 Rep. Fudge, Marcia L. [D-OH-11] Marcia Fudge D OH L. 11 2017-03-13 False V000081 Rep. Velazquez, Nydia M. [D-NY-7] NYDIA VELAZQUEZ D NY M. 7 2017-06-27 False E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2017-06-27 False C001067 Rep. Clarke, Yvette D. [D-NY-9] Yvette Clarke D NY D. 9 2017-06-27 False C000714 Rep. Conyers, John, Jr. [D-MI-13] JOHN CONYERS D MI 13 2017-06-27 False E000296 Rep. Evans, Dwight [D-PA-2] Dwight Evans D PA 2 2017-06-27 False R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 2017-07-24 False T000193 Rep. Thompson, Bennie G. [D-MS-2] BENNIE THOMPSON D MS 2 2017-07-24 False M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2017-07-24 False C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2017-07-24 False N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2017-07-24 False S000248 Rep. Serrano, Jose E. [D-NY-15] JOSE SERRANO D NY E. 15 2017-07-28 False Government Operations and Politics Administrative law and regulatory procedures Business records Congressional oversight Corporate finance and management Disability and paralysis Employment discrimination and employee rights Government information and archives Minority employment Public contracts and procurement Racial and ethnic relations Securities Securities and Exchange Commission (SEC) Sex, gender, sexual orientation discrimination Veterans' education, employment, rehabilitation Women's employment Government Operations and Politics 00 2017-02-07 Introduced in House 2017-08-17T18:27:47Z Improving Corporate Governance Through Diversity Act of 2017

This bill directs executive agencies to require any covered contractor (a for-profit business with gross receipts exceeding $1 billion for the previous year) awarded a contract of $5 million or more to submit, within 60 days:

  • data on the racial, ethnic, and gender composition of such contractor's board of directors and senior executives;
  • data on the affiliation of any such board member or executive to a historically underrepresented group, including veterans and individuals with disabilities; and
  • any plan or strategy to improve the diversity of such board members or executives.

Each agency shall submit quarterly reports on such data to the General Services Administration, which shall report to Congress annually on the diversity of such contractor boards and executives.

The Securities Exchange Act of 1934 is amended to require each issuer of a registered security to disclose such data, plan, and strategy in its required annual report.

The Securities and Exchange Commission must revise corporate governance regulations to require that when the description is presented in a proxy or information statement relating to the election of directors, the nominee's qualities and skills, along with the nominee's gender, race, ethnicity, and affiliation with a historically underrepresented group, are presented in a chart or matrix form.

]]> Improving Corporate Governance Through Diversity Act of 2017 Display Title Improving Corporate Governance Through Diversity Act of 2017 Official Title as Introduced To amend title 41, United States Code, to require the submission of data relating to diversity by certain contractors, to amend the Securities Exchange Act of 1934 to require the submission of such data by issuers, and for other purposes. Introduced in House IH Short Titles as Introduced Improving Corporate Governance Through Diversity Act of 2017 Introduced in House 2017-02-07T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr970ih/xml/BILLS-115hr970ih.xml 2017-02-07 Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. 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.