Summary: H.R.6126 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.6126. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (09/22/2016)

Corporate Transparency and Accountability Act

This bill amends the Securities Exchange Act of 1934 to require each issuer of a security required to file an annual or quarterly report to disclose during the period covered in that report:

  • the issuer's total pre-tax profit,
  • the total amount paid by the issuer in state taxes,
  • the total amount paid by the issuer in federal taxes, and
  • the total amount paid by the issuer in foreign taxes.

Each such issuer shall also disclose in that report specified corporate financial information, aggregated on a country-by-country basis, for each of its subsidiaries.