Amendments to H.R. 1187
Each stand alone amendment receives up to 10 minutes of debate
Each En Bloc receives up to 20 minutes of debate
Burgess (R-TX) – Amendment No. 1 - Requires publicly traded companies to disclose the negative impacts of federal corporate tax increases
Waters (D-CA) En Bloc #1
Axne (D-IA) – Amendment No. 2 - Increases disclosures from public companies about their workforce, including information about workforce health and safety, pay, diversity, turnover and promotion rates, and training, as well as companies' use of contractors and outsourcing
Frankel (D-FL), Nadler (D-NY), Speier (D-CA), Blunt Rochester (D-DE), Underwood (D-IL) – Amendment No. 3 - Requires publicly-traded companies to disclose the number of settlements, judgments, and aggregate settlement amounts in connection with workplace harassment in their annual SEC filings
Himes (D-CT), Ross, Deborah (D-NC) – Amendment No. 5 - Requires publicly traded companies to report annually on whether members of their governing bodies (such as general partners or members of a board of directors) have cybersecurity expertise and the nature of that experience. If nobody has such experience, then the company would be required to describe what other aspects of its cybersecurity were considered by the people responsible for identifying and evaluating nominees for governing body membership with NIST and the SEC would defining cybersecurity experience using commonly defined roles, specialties, knowledge, skills, and abilities
Meeks (D-NY), Maloney, Carolyn (D-NY), Torres, Ritchie (D-NY) – Amendment No. 6 - (1) Requires public companies to annually disclose the racial, ethnic, gender identity, sexual orientation, and veteran status of their board directors, nominees, and senior executive officers; (2) empowers the SEC’s Office of Minority and Women Inclusion to publish best diversity disclosure practices; and (3) creates an advisory group that would study and report on increasing corporate diversity
Phillips (D-MN) – Amendment No. 7 - Requires the SEC to study the emergence and viability of coalitions among shareholders who wish to preserve and promote critical employment, environmental, social, and governance standards (EESG) and the significance of shareholder networks with the SEC issuing a report to Congress with its findings, guidance on shareholder engagement activities that are not considered to involve questions of corporate control, and provide recommendations on regulatory safe harbors for engagement with respect to sustainability guardrails
Wexton (D-VA) – Amendment No. 9 - Directs the Securities and Exchange Commission (SEC) to issue rules requiring U.S. publicly traded companies to disclose annually imports of manufactured goods and materials that originate in or are sourced in part from Xinjiang Province
Hill, French (R-AR) – Amendment No. 4 - Strikes the underlying legislation with a study that must be conducted by the SEC to summarize and describe any inconsistencies by the different ESG and climate disclosure frameworks before requiring any type of disclosure from public companies
Schrier (D-WA) – Amendment No. 8 - Requires the Commission, in conjunction with the Office of the Advocate for Small Business Capital Formation and the Office of the Investor Advocate, to conduct a study and issue a report on the issues small businesses face in reporting ESG disclosures with the report including recommendations for the Commission to consider, and should be completed within 1 year of the enactment of the bill
Plaskett (D-VI) – Amendment No. 10 - Clarifies that a ‘tax jurisdiction’ includes a country or a jurisdiction that is not a country but that has fiscal autonomy
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