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Increased Transparency in Corporate Political Spending for Shareholders

This bill aims to remove restrictions that prevented the Securities and Exchange Commission (SEC) from ensuring corporate shareholders are aware of their company's political activities. This means citizens who own company shares may gain better insight into how their money is used for political purposes. It enhances transparency and allows shareholders to make more informed decisions.
Key points
Repeals a provision that restricted the SEC's ability to require companies to disclose their political spending.
Increases shareholder access to information about how companies they invest in engage in political activity.
Potentially greater corporate accountability to shareholders regarding political funding.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_403
Sponsor: Rep. Levin, Andy [D-MI-9]
Process start date: 2021-01-21
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To repeal a restriction on the use of funds by the Securities and Exchange Commission to ensure shareholders of corporations have knowledge of corporate political activity.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_403.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-01-21.

What are the main provisions?

Key points include:

  • Repeals a provision that restricted the SEC's ability to require companies to disclose their political spending.
  • Increases shareholder access to information about how companies they invest in engage in political activity.
  • Potentially greater corporate accountability to shareholders regarding political funding.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Levin, Andy [D-MI-9].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy