Transparency in Corporate Political Spending Act

I 116TH CONGRESS 1ST SESSION H. R. 1176 To repeal the restriction on the use of funds by the Securities and Exchange Commission to ensure that shareholders of corporations have knowledge of corporation political activity. IN THE HOUSE OF REPRESENTATIVES FEBRUARY 13, 2019 Mr. LEVIN of Michigan (for himself, Mr. SARBANES, Mr. GARAMENDI, Mr. GALLEGO, Mr. KIM, Ms. KUSTER of New Hampshire, Ms. NORTON, Mr. PAPPAS, Ms. SCHAKOWSKY, Ms. WASSERMAN SCHULTZ, and Ms. WILD) introduced the following bill; which was referred to the Committee on Fi- nancial Services A BILL To repeal the restriction on the use of funds by the Securities and Exchange Commission to ensure that shareholders of corporations have knowledge of corporation political activity. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Transparency in Cor- 4 porate Political Spending Act’’. 5 VerDate Sep 11 2014 04:20 Feb 23, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1176.IH H1176 kjohnson on DSK79L0C42 with BILLS 2 •HR 1176 IH SEC. 2. REPEAL OF RESTRICTION ON USE OF FUNDS BY SE- 1 CURITIES AND EXCHANGE COMMISSION TO 2 ENSURE SHAREHOLDERS OF CORPORATIONS 3 HAVE KNOWLEDGE OF CORPORATION POLIT- 4 ICAL ACTIVITY. 5 Notwithstanding section 101 of division C of Public 6 Law 115–245, section 631 of Division E of the Consoli- 7 dated Appropriations Act, 2018 shall have no force or ef- 8 fect during fiscal year 2019. 9 Æ VerDate Sep 11 2014 04:20 Feb 23, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H1176.IH H1176 kjohnson on DSK79L0C42 with BILLS