[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5442 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 5442

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.


_______________________________________________________________________


                    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.

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

SECTION 1. SHORT TITLE.

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

SEC. 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.''.
                                 <all>