arrow_back Trending Legislation
Share share

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 notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
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.
Print number: HR 403
Sponsor: Rep. Levin, Andy [D-MI-9]
Process start date: 2021-01-21
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch
Summary & Status

Key Questions about Increased Transparency in Corporate Political Spending for Shareholders

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is 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.

Analysis and Potential Impact of HR 403

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Economy