What is the official ID of this bill?

The official print number for this legislation is S 374.

When did the legislative process begin?

The process officially started on 2021-02-23.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/117/bills/s374/BILLS-117s374is.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

Who is the primary sponsor?

The primary sponsor is Sen. Menendez, Robert [D-NJ].

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Analysis and Potential Impact of S 374

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.

Increased Diversity in Corporate Boards: New Reporting Rules

Q: What are the main provisions?

Key points include: Companies will be required to disclose racial, ethnic, and gender diversity data for their boards and executive officers. This information will be publicly available, allowing citizens to assess companies' diversity efforts. An advisory group will be established to study and recommend ways to increase diversity on corporate boards.

New regulations require large public companies to disclose data on the racial, ethnic, and gender composition of their boards and executive officers. This aims to increase transparency and promote diversity, potentially leading to better business decisions and fairer opportunities for all citizens.

Key points

Companies will be required to disclose racial, ethnic, and gender diversity data for their boards and executive officers.

This information will be publicly available, allowing citizens to assess companies' diversity efforts.

An advisory group will be established to study and recommend ways to increase diversity on corporate boards.

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Status:

Expired

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Additional Information

Improving Corporate Governance Through Diversity Act of 2021

Print number: S 374

Sponsor: Sen. Menendez, Robert [D-NJ]

Process start date: 2021-02-23

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

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Increased Diversity in Corporate Boards: New Reporting Rules

Key Questions about Increased Diversity in Corporate Boards: New Reporting Rules