To amend the Securities Exchange Act of 1934 to require the submission by issuers of data relating to diversity, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Securities Exchange Act of 1934 to require the submission by issuers of data relating to diversity, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Government Operations, Defense.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section HECBCD16C219F4E1C8A57968BEC102AF2: 1. Short title This Act may be cited as the Improving Corporate Governance Through Diversity Act of 2023.
- Section H23E6FE281DFA44D3A39CE735714E9FCD: 2. Submission of data relating to diversity by issuers Section 13 of the Securities Exchange Act of 1934 (15 U.S.C. 78m) is amended by adding at the end the...
- Section H529E95397C784535B1281221337A24F2: 3. Diversity advisory group For the purposes of this section: The term Advisory Group means the Diversity Advisory Group established under subsection (b). The...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Securities Exchange Act of 1934 to require the submission by issuers of data relating to diversity, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Government Operations, Defense
Primary Purpose
This bill, To amend the Securities Exchange Act of 1934 to require the submission by issuers of data relating to diversity, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Menendez (for himself, Ms. Cortez Masto, Ms. Hirono, Ms. …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → The commission identified in the operative section
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology