H.R. 3791 (112th): To amend the Securities Exchange Act of 1934 to require annual disclosures relating to the compensation brackets in which an issuer’s minority and women employees reside.

Introduced:
Jan 18, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Gregory Meeks [D-NY6]
Status:
Died (Referred to Committee)

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 January 18, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Jan 18, 2012
Referred to Committee Jan 18, 2012
Cosponsors
none
Committees

House Financial Services

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

Summary

No summaries available.

Text

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Last updated Jan 18, 2012.
3 pages

Primary Source

View on THOMAS (The Library of Congress)

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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.

1/18/2012--Introduced.
Amends the Securities Exchange Act of 1934 to direct the Securities and Exchange Commission (SEC) to promulgate final rules requiring each securities issuer required to file annual reports to:
(1) determine the 5 compensation brackets in which its employees reside (where such brackets contain an equal number of employees and range from the 20% of employees with the lowest compensation to the 20% with the highest compensation), and
(2) include in the issuer's annual reports the number of minorities and women employed that fall into each of the compensation brackets.
Requires such issuers, for purposes of identifying an employee as a minority or woman under this Act, to rely on self-reporting by the employee.

House Republican Conference Summary

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

United States Code

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