H.R.4630 - Corporate Politics Transparency Act111th Congress (2009-2010)
|Sponsor:||Rep. Ackerman, Gary L. [D-NY-5] (Introduced 02/22/2010)|
|Committees:||House - Financial Services|
|Latest Action:||02/22/2010 Referred to the House Committee on Financial Services.|
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Subject — Policy Area:
- Finance and Financial Sector
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Summary: H.R.4630 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in House (02/22/2010)
Corporate Politics Transparency Act - Amends the Securities Exchange Act of 1934 to require that quarterly and annual reports of an issuer, any proxy solicitation or consent or authorization in respect of any security, and the issuer's registration statement disclose total independent expenditures in support of or in opposition to any candidate for federal, state, or local public office made by the issuer during the preceding six-year period.
Requires such disclosures to include: (1) the name and political party affiliation of each candidate in support of whom or in opposition to whom an independent expenditure was made; (2) the amount of each such expenditure; (3) the public office that such candidate was or is seeking; (4) the relevant state, city, or district; and (5) a statement of the issuer's interest in and reason for making such expenditure.