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Increased Corporate Transparency: Diversity and Veteran Data in Boards.

New rules require large public companies to disclose data on the racial, ethnic, and gender composition of their boards and executive officers. Companies will also report if veterans serve on their boards. This aims to increase transparency and promote diversity in business.
Key points
Public companies must disclose diversity data (race, ethnicity, gender) for their boards and executive officers.
Companies will report if veterans are on their boards.
An advisory group will be established to study and recommend strategies for increasing diversity on corporate boards.
The Securities and Exchange Commission (SEC) will publish reports and best practices on diversity.
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Expired
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Additional Information
Print number: 118_HR_4177
Sponsor: Rep. Meeks, Gregory W. [D-NY-5]
Process start date: 2023-06-15
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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

Improving Corporate Governance Through Diversity Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4177.

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 2023-06-15.

What are the main provisions?

Key points include:

  • Public companies must disclose diversity data (race, ethnicity, gender) for their boards and executive officers.
  • Companies will report if veterans are on their boards.
  • An advisory group will be established to study and recommend strategies for increasing diversity on corporate boards.
  • The Securities and Exchange Commission (SEC) will publish reports and best practices on diversity.
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. Meeks, Gregory W. [D-NY-5].

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 2025-12-25.

CATEGORIES

Economy