Summary

                            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
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.



                        

Actions

  • Referred to House Financial Services

    Feb 7th, 2017
  • Referred to House Oversight and Government Reform

    Feb 7th, 2017
  • 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.

    Feb 7th, 2017
  • Introduced in House

    Feb 7th, 2017
  • Introduced in House

    Feb 7th, 2017