S.3367 - Diversity in Corporate Leadership Act of 2020116th Congress (2019-2020) |
|Sponsor:||Sen. Cortez Masto, Catherine [D-NV] (Introduced 03/02/2020)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 03/02/2020 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
Summary: S.3367 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in Senate (03/02/2020)
Diversity in Corporate Leadership Act of 2020
This bill requires each issuer to disclose, in any proxy or consent solicitation material for an annual shareholders meeting, the gender, racial, and ethnic composition of its board of directors and nominees for board membership.
The Securities and Exchange Commission shall establish a Diversity Advisory Group, composed of government, academic, and private-sector representatives, to study strategies for increasing gender, racial, and ethnic diversity among the members of issuers' boards of directors.