[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1115 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 1115

 To amend the Securities Exchange Act of 1934 to prohibit any national 
securities exchange from effecting any transaction in a security issued 
    by a corporation unless the corporation's registration with the 
exchange includes a certification that the corporation currently is in 
compliance with the provisions of the Federal Election Campaign Act of 
  1971 governing contributions and expenditures by corporations which 
       were in effect with respect to elections held during 2008.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 13, 2013

 Mr. Grayson introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
 To amend the Securities Exchange Act of 1934 to prohibit any national 
securities exchange from effecting any transaction in a security issued 
    by a corporation unless the corporation's registration with the 
exchange includes a certification that the corporation currently is in 
compliance with the provisions of the Federal Election Campaign Act of 
  1971 governing contributions and expenditures by corporations which 
       were in effect with respect to elections held during 2008.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PROHIBITING TRANSACTIONS ON NATIONAL SECURITIES EXCHANGES IN 
              SECURITIES OF CORPORATIONS NOT CERTIFYING COMPLIANCE WITH 
              EXISTING RULES GOVERNING POLITICAL CONTRIBUTIONS AND 
              EXPENDITURES.

    (a) Registration.--Section 12(b) of the Securities Exchange Act of 
1934 (15 U.S.C. 78l(b)) is amended by adding at the end the following 
new paragraph:
            ``(4) If the issuer is a corporation, a statement 
        certifying that the issuer is in compliance with section 316 of 
        the Federal Election Campaign Act of 1971 with respect to 
        contributions and expenditures made by the corporation in the 
        most recent quarter and year, as such section applied with 
        respect to elections held in 2008.''.
    (b) Periodic Reports.--Section 13(a) of the Securities Exchange Act 
of 1934 (15 U.S.C. 78m(a)) is amended--
            (1) at the end of paragraph (1), by striking the period and 
        inserting a semicolon;
            (2) at the end of paragraph (2), by striking the period and 
        inserting ``; and''; and
            (3) by adding at the end the following:
            ``(3) the statement required under section 12(b)(4).''.
    (c) Effective Date.--The amendments made by this Act shall apply 
with respect to transactions effected on or after the date of the 
enactment of this Act.
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