H.R. 1187 · 117th Congress · House

Corporate Governance Improvement and Investor Protection Act

In Congress· Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Introduced

Feb 18, 21

Passed House

Jun 16, 21

Passed Senate

Pending

Sent to President

Pending

Signed into Law

Pending

Introduced

Feb 18, 21

Passed House

Jun 16, 21

Passed Senate

Pending

Sent to President

Pending

Signed into Law

Pending

Executive Summary

Corporate Governance Improvement and Investor Protection Act

This bill requires publicly traded companies to periodically disclose information related to

environmental, social, and governance performance metrics;
expenditures for certain political activities;
compensation information regarding executive officers and employees;
climate change-related risks, including direct and indirect greenhouse gas emissions and fossil fuel-related assets;
tax jurisdiction, income, and assets of constituent entities on a country-by-country basis;
workforce management policies, practices, and performance;
incidents of workplace harassment and retaliation;
cybersecurity;
the demographic composition of the board of directors and executive officers; and
manufacturing activity in China's Xinjiang Uyghur Autonomous Region.

The bill also establishes the Sustainable Finance Advisory Committee that must, among other duties, recommend to the Securities and Exchange Commission (SEC) policies to facilitate the flow of capital toward environmentally sustainable investments.

The SEC must report on the viability and occurrence of shareholder collective action, particularly regarding employment, environmental, social, and governance issues.

The SEC must also report on compliance issues small businesses face with respect to disclosure requirements related to environmental, social, and governance performance metrics.

Previous Versions

07Jun 8, 2021

ESG Disclosure Simplification Act of 2021

This bill requires an issuer of securities to annually disclose to shareholders certain environmental, social, and governance metrics and their connection to the long-term business strategy of the issuer. The bill also establishes the Sustainable Finance Advisory Committee that must, among other duties, recommend to the Securities and Exchange Commission policies to facilitate the flow of capital towards environmentally sustainable investments.

00Feb 18, 2021

ESG Disclosure Simplification Act of 2021

Action Timeline

JUN 17, 2021•IntroReferral
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
JUN 16, 2021•Floor
Considered under the provisions of rule H. Res. 473. (consideration
CR H2830-2855; text: CR H2830-2834)
2830Yea
2855Nay
0NV
JUN 16, 2021•Floor
Resolution provides for consideration of H.R
256 under a closed rule and provides for consideration of H.R. 1187 under a structured rule. The resolution provides for one hour of debate for each bill and for one motion to recommit for each bill. The resolution provides that H. Res. 467 is adopted.
JUN 16, 2021•Floor
DEBATE - The House proceeded with one hour of debate on H.R. 1187.
JUN 16, 2021•Floor
DEBATE - Pursuant to the provisions of H
Res. 473, the House proceeded with 10 minutes of debate on the Burgess amendment No. 1.
JUN 16, 2021•Floor
POSTPONED PROCEEDINGS - At the conclusion of debate on the Burgess amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mr. Burgess demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
JUN 16, 2021•Floor
DEBATE - Pursuant to the provisions of H
Res. 473, the House proceeded with 20 minutes of debate on the Waters amendment en bloc No. 1.
JUN 16, 2021•Floor
POSTPONED PROCEEDINGS - At the conclusion of debate on the Waters amendment en bloc, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Ms. Waters demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
JUN 16, 2021•Floor
DEBATE - Pursuant to the provisions of H
Res. 473, the House proceeded with 10 minutes of debate on the Hill amendment No. 4.
JUN 16, 2021•Floor
POSTPONED PROCEEDINGS - At the conclusion of debate on the Hill amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Hill demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
JUN 16, 2021•Floor
DEBATE - Pursuant to the provisions of H
Res. 473, the House proceeded with 10 minutes of debate on the Schrier amendment No. 8.
JUN 16, 2021•Floor
POSTPONED PROCEEDINGS - At the conclusion of debate on the Schrier amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
JUN 16, 2021•Floor
DEBATE - Pursuant to the provisions of H
Res. 473, the House proceeded with 10 minutes of debate on the Plaskett amendment No. 10.
JUN 16, 2021•Floor
POSTPONED PROCEEDINGS - Pursuant to clause 1(c) of rule XIX further proceedings on H.R. 1187 were postponed.
JUN 16, 2021•Floor
Pursuant to clause 1(c) of rule XIX, the House resumed consideration of H.R. 1187.
JUN 16, 2021•Floor
Considered as unfinished business
(consideration: CR H2859-2863)
2859Yea
2863Nay
0NV
JUN 16, 2021•Floor
UNFINISHED BUSINESS - The Chair announced that the unfinished business was on agreeing to amendments which were debated earlier and on which previous questions were postponed.
JUN 16, 2021•Floor
Motion to reconsider laid on the table
Agreed to without objection.
JUN 16, 2021•Floor
Motion to reconsider laid on the table
Agreed to without objection.
JUN 16, 2021•Floor
Motion to reconsider laid on the table
Agreed to without objection.
JUN 16, 2021•Floor
Motion to reconsider laid on the table
Agreed to without objection.
JUN 16, 2021•Floor
The previous question was ordered pursuant to the rule.
JUN 16, 2021•Floor
Mr
Barr moved to recommit to the Committee on Financial Services. (text: CR H2862)
JUN 16, 2021•Floor
The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
JUN 16, 2021•Floor
On motion to recommit Failed by the Yeas and Nays
Roll Call #168
207 - 218 (Roll no. 168).
207Yea
218Nay
0NV
JUN 16, 2021•Floor
Passed/agreed to in House
Roll Call #169
On passage Passed by the Yeas and Nays: 215 - 214 (Roll no. 169).
215Yea
214Nay
0NV
JUN 16, 2021•Floor
On passage Passed by the Yeas and Nays
Roll Call #169
215 - 214 (Roll no. 169).
215Yea
214Nay
0NV
JUN 16, 2021•Floor
Motion to reconsider laid on the table Agreed to without objection.
JUN 14, 2021•Floor
Rules Committee Resolution H
Res. 473 Reported to House. Resolution provides for consideration of H.R. 256 under a closed rule and provides for consideration of H.R. 1187 under a structured rule. The resolution provides for one hour of debate for each bill and for one motion to recommit for each bill. The resolution provides that H. Res. 467 is adopted.
JUN 14, 2021•Floor
Rule H
Res. 473 passed House.
JUN 08, 2021•Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-54.
117Yea
54Nay
0NV
JUN 08, 2021•Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-54.
117Yea
54Nay
0NV
JUN 08, 2021•Calendars
Placed on the Union Calendar, Calendar No. 37.
APR 21, 2021•Committee
Committee Consideration and Mark-up Session Held.
APR 21, 2021•Committee
Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 22.
28Yea
22Nay
0NV
APR 20, 2021•Committee
Committee Consideration and Mark-up Session Held.
FEB 18, 2021•IntroReferral
Introduced in House
FEB 18, 2021•IntroReferral
Introduced in House
FEB 18, 2021•IntroReferral
Referred to the House Committee on Financial Services.

Committees

Banking, Housing, and Urban Affairs Committee

ssbk00

Referred: Jun 17, 2021

Active

Financial Services Committee

hsba00

Referred: Jun 8, 2021

Active

Financial Services Committee

hsba00

Referred: Apr 21, 2021

Active

Financial Services Committee

hsba00

Referred: Apr 20, 2021

Active

Financial Services Committee

hsba00

Referred: Feb 18, 2021

Active

Executive Summary

Previous Versions

Action Timeline

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Considered under the provisions of rule H. Res. 473. (consideration

Resolution provides for consideration of H.R

DEBATE - The House proceeded with one hour of debate on H.R. 1187.

DEBATE - Pursuant to the provisions of H

DEBATE - Pursuant to the provisions of H

DEBATE - Pursuant to the provisions of H

POSTPONED PROCEEDINGS - At the conclusion of debate on the Hill amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Hill demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.

DEBATE - Pursuant to the provisions of H

DEBATE - Pursuant to the provisions of H

POSTPONED PROCEEDINGS - Pursuant to clause 1(c) of rule XIX further proceedings on H.R. 1187 were postponed.

Pursuant to clause 1(c) of rule XIX, the House resumed consideration of H.R. 1187.

Considered as unfinished business

UNFINISHED BUSINESS - The Chair announced that the unfinished business was on agreeing to amendments which were debated earlier and on which previous questions were postponed.

Motion to reconsider laid on the table

Motion to reconsider laid on the table

Motion to reconsider laid on the table

Motion to reconsider laid on the table

The previous question was ordered pursuant to the rule.

Mr

The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.

On motion to recommit Failed by the Yeas and Nays

Passed/agreed to in House

On passage Passed by the Yeas and Nays

Motion to reconsider laid on the table Agreed to without objection.

Rules Committee Resolution H

Rule H

Reported (Amended) by the Committee on Financial Services. H. Rept. 117-54.

Reported (Amended) by the Committee on Financial Services. H. Rept. 117-54.

Placed on the Union Calendar, Calendar No. 37.

Committee Consideration and Mark-up Session Held.

Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 22.

Committee Consideration and Mark-up Session Held.

Introduced in House

Introduced in House

Referred to the House Committee on Financial Services.

Committees

Banking, Housing, and Urban Affairs Committee

Financial Services Committee

Financial Services Committee

Financial Services Committee

Financial Services Committee