US HB1187 | 2021-2022 | 117th Congress

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Engrossed on June 17 2021 - 50% progression
Action: 2021-06-17 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]

Summary

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.

Tracking Information

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Title

Corporate Governance Improvement and Investor Protection Act Corporate Governance Improvement and Investor Protection Act

Sponsors


Roll Calls

2021-06-16 - House - On passage (Y: 215 N: 214 NV: 0 Abs: 2) [PASS]
2021-06-16 - House - On motion to recommit (Y: 207 N: 218 NV: 0 Abs: 5) [FAIL]
2021-06-16 - House - On agreeing to the Waters amendments (A003) H.Amdt.53 (Y: 215 N: 211 NV: 0 Abs: 4) [PASS]
2021-06-16 - House - On agreeing to the Schrier amendment (A005) H.Amdt.55 (Y: 380 N: 47 NV: 0 Abs: 3) [PASS]
2021-06-16 - House - On agreeing to the Hill amendment (A004) H.Amdt.54 (Y: 204 N: 225 NV: 0 Abs: 1) [FAIL]
2021-06-16 - House - On agreeing to the Burgess amendment (A002) H.Amdt.52 (Y: 209 N: 218 NV: 0 Abs: 3) [FAIL]

History

DateChamberAction
2021-06-17SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2021-06-16HouseMotion to reconsider laid on the table Agreed to without objection.
2021-06-16HouseOn passage Passed by the Yeas and Nays: 215 - 214 (Roll no. 169).
2021-06-16HouseOn motion to recommit Failed by the Yeas and Nays: 207 - 218 (Roll no. 168).
2021-06-16HouseThe previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
2021-06-16HouseMr. Barr moved to recommit to the Committee on Financial Services. (text: CR H2862)
2021-06-16HouseThe previous question was ordered pursuant to the rule.
2021-06-16HouseMotion to reconsider laid on the table. Agreed to without objection.
2021-06-16HouseH.Amdt.55 On agreeing to the Schrier amendment (A005) Agreed to by the Yeas and Nays: 380 - 47 (Roll no. 167).
2021-06-16HouseMotion to reconsider laid on the table. Agreed to without objection.
2021-06-16HouseH.Amdt.54 On agreeing to the Hill amendment (A004) Failed by the Yeas and Nays: 204 - 225 (Roll no. 166).
2021-06-16HouseMotion to reconsider laid on the table. Agreed to without objection.
2021-06-16HouseH.Amdt.53 On agreeing to the Waters amendments (A003) Agreed to by the Yeas and Nays: 215 - 211 (Roll no. 165).
2021-06-16HouseMotion to reconsider laid on the table. Agreed to without objection.
2021-06-16HouseH.Amdt.52 On agreeing to the Burgess amendment (A002) Failed by the Yeas and Nays: 209 - 218 (Roll no. 164).
2021-06-16HouseUNFINISHED BUSINESS - The Chair announced that the unfinished business was on agreeing to amendments which were debated earlier and on which previous questions were postponed.
2021-06-16HouseConsidered as unfinished business. (consideration: CR H2859-2863)
2021-06-16HousePursuant to clause 1(c) of rule XIX, the House resumed consideration of H.R. 1187.
2021-06-16HousePOSTPONED PROCEEDINGS - Pursuant to clause 1(c) of rule XIX further proceedings on H.R. 1187 were postponed.
2021-06-16HouseH.Amdt.56 By unanimous consent, the Plaskett amendment was withdrawn.
2021-06-16HouseDEBATE - Pursuant to the provisions of H. Res. 473, the House proceeded with 10 minutes of debate on the Plaskett amendment No. 10.
2021-06-16HouseH.Amdt.56 Amendment (A006) offered by Ms. Plaskett. (consideration: CR H2854-2855; text: CR H2854)
2021-06-16HousePOSTPONED 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.
2021-06-16HouseH.Amdt.55 The previous question was ordered on the amendment (A005) pursuant to the rule.
2021-06-16HouseDEBATE - Pursuant to the provisions of H. Res. 473, the House proceeded with 10 minutes of debate on the Schrier amendment No. 8.
2021-06-16HouseH.Amdt.55 Amendment (A005) offered by Ms. Schrier. (consideration: CR H2853-2854, H2861-2862; text: CR H2853-2854)
2021-06-16HousePOSTPONED 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.
2021-06-16HouseH.Amdt.54 The previous question was ordered on the amendment (A004) pursuant to the rule.
2021-06-16HouseDEBATE - Pursuant to the provisions of H. Res. 473, the House proceeded with 10 minutes of debate on the Hill amendment No. 4.
2021-06-16HouseH.Amdt.54 Amendment (A004) offered by Mr. Hill. (consideration: CR H2852-2853, H2860-2861; text: CR H2852)
2021-06-16HousePOSTPONED 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.
2021-06-16HouseH.Amdt.53 The previous question was ordered on the amendment (A003) pursuant to the rule.
2021-06-16HouseDEBATE - Pursuant to the provisions of H. Res. 473, the House proceeded with 20 minutes of debate on the Waters amendment en bloc No. 1.
2021-06-16HouseH.Amdt.53 Amendments en bloc (A003) offered by Ms. Waters. (consideration: CR H2847-2852, H2860; text: CR H2847-2850)
2021-06-16HousePOSTPONED 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.
2021-06-16HouseH.Amdt.52 The previous question was ordered on the amendment (A002) pursuant to the rule.
2021-06-16HouseDEBATE - Pursuant to the provisions of H. Res. 473, the House proceeded with 10 minutes of debate on the Burgess amendment No. 1.
2021-06-16HouseH.Amdt.52 Amendment (A002) offered by Mr. Burgess. (consideration: CR H2845-2847, H2859-2860; text: CR H2845-2846)
2021-06-16HouseDEBATE - The House proceeded with one hour of debate on H.R. 1187.
2021-06-16HouseResolution 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.
2021-06-16HouseConsidered under the provisions of rule H. Res. 473. (consideration: CR H2830-2855; text: CR H2830-2834)
2021-06-14HouseRule H. Res. 473 passed House.
2021-06-14HouseRules 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.
2021-06-08HousePlaced on the Union Calendar, Calendar No. 37.
2021-06-08HouseReported (Amended) by the Committee on Financial Services. H. Rept. 117-54.
2021-04-21HouseOrdered to be Reported (Amended) by the Yeas and Nays: 28 - 22.
2021-04-21HouseCommittee Consideration and Mark-up Session Held.
2021-04-20HouseCommittee Consideration and Mark-up Session Held.
2021-02-18HouseReferred to the House Committee on Financial Services.
2021-02-18HouseIntroduced in House

Same As/Similar To

HR473 (Related) 2021-06-14 - Motion to reconsider laid on the table Agreed to without objection. (text: CR H2716)
SB1217 (Related) 2021-09-14 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
HB3471 (Related) 2021-05-25 - Referred to the House Committee on Financial Services.
SB1815 (Related) 2021-09-14 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
HB1087 (Related) 2021-06-08 - Placed on the Union Calendar, Calendar No. 36.
HB1188 (Related) 2021-06-08 - Placed on the Union Calendar, Calendar No. 38.
HB1277 (Related) 2022-01-20 - Placed on the Union Calendar, Calendar No. 164.
HB2072 (Related) 2021-03-18 - Referred to the House Committee on Financial Services.
HB2570 (Related) 2021-05-20 - Placed on the Union Calendar, Calendar No. 22.
HB3007 (Related) 2021-06-08 - Placed on the Union Calendar, Calendar No. 35.
SB374 (Related) 2022-09-15 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
SB808 (Related) 2021-09-14 - Committee on Banking, Housing, and Urban Affairs. Hearings held.

Subjects

Administrative law and regulatory procedures
Administrative remedies
Advisory bodies
Air quality
Alternative and renewable resources
Asia
Assault and harassment offenses
Atmospheric science and weather
Business ethics
Business investment and capital
Business records
China
Climate change and greenhouse gases
Coal
Computer security and identity theft
Congressional oversight
Contracts and agency
Corporate finance and management
Detention of persons
Elections, voting, political campaign regulation
Employee benefits and pensions
Employee hiring
Employment and training programs
Employment discrimination and employee rights
Environmental assessment, monitoring, research
Finance and financial sector
Financial services and investments
Fraud offenses and financial crimes
Government ethics and transparency, public corruption
Government information and archives
Government studies and investigations
Human rights
Labor market
Labor standards
Labor-management relations
Manufacturing
Minority employment
Oil and gas
Racial and ethnic relations
Religion
Securities
Securities and Exchange Commission (SEC)
Self-employed
Sex offenses
Small business
Tax administration and collection, taxpayers
Taxation of foreign income
Temporary and part-time employment
Unemployment
Wages and earnings
Women's employment
Worker safety and health

US Congress State Sources


Bill Comments

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