118th Congress · SENATE BILLBILL

S. 2007Improving Corporate Governance Through Diversity Act of 2023

A bill to amend the Securities Exchange Act of 1934 to require the submission by issuers of data relating to diversity, and for other purposes.

Finance and financial sector
Introduced Jun 15, 2023
Last action Jun 15, 2023
Pipeline · Bill → Law
Step 1
Introduced
Jun 15, 2023
Step 2
Referred
Jun 15, 2023
Banking, Housing, and Urban Affairs
Step 3
Committee
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill requires certain issuers of securities to disclose the racial, ethnic, and gender composition of their boards of directors and executive officers, as well as the status of any of those directors and officers as a veteran. It also requires the disclosure of any plan to promote racial, ethnic, and gender diversity among these groups. The Securities and Exchange Commission must establish a Diversity Advisory Group to report on strategies to increase gender, racial, and ethnic diversity among board members.

Provisions · 3 sectionsIntroduced in Senate
Timeline · 2 actions
Jun 15, 2023
Introduced in Senate
Jun 15, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.