H.R. 4630 (111th): Corporate Politics Transparency Act

Introduced:
Feb 22, 2010 (111th Congress, 2009–2010)
Sponsor:
Rep. Gary Ackerman [D-NY5]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as H.R. 2728 (112th) on Aug 01, 2011.

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on February 22, 2010, in a previous session of Congress, but was not enacted.

Progress
Introduced Feb 22, 2010
Cosponsors
8 cosponsors (8D) (show)
Committees

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the securities laws to require that registration statements, quarterly and annual reports, and proxy solicitations of public companies include a disclosure to shareholders of any expenditure made by that company in support of or in opposition to any candidate for Federal, State, or local public office.

Summary

No summaries available.

Text

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Last updated Feb 22, 2010.
5 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

2/22/2010--Introduced.
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.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)