WeVote
Log In

Bill

Bill

HR 2190

Shareholder Political Transparency Act of 2025

119th Congress Introduced by Joyce Beatty and 7 co-sponsors

The Shareholder Political Transparency Act mandates public companies disclose political spending, empowering shareholders with information to make informed investment decisions.

Introduced in House
0
WeVote Research Nonpartisan
Bill Summary · HR 2190

Summary of HR 2190: Shareholder Political Transparency Act of 2025

Bill Number: HR 2190
Title: Shareholder Political Transparency Act of 2025
Status: Introduced in House
Introduced Date: March 18, 2025
Classification: Bill

Purpose and Intent

The Shareholder Political Transparency Act of 2025 aims to enhance transparency regarding political spending by publicly traded companies. The bill seeks to ensure that shareholders are informed about how their companies allocate funds for political activities, thereby promoting accountability and informed decision-making among investors.

Key Provisions

The bill includes several significant provisions designed to achieve its goals:

  1. Disclosure Requirements:

    • Publicly traded companies would be required to disclose any political contributions made to candidates, political parties, or political action committees (PACs).
    • Companies must report the amounts and recipients of these contributions on a quarterly basis.

  2. Shareholder Access:

    • Shareholders would have the right to access detailed reports on political spending, allowing them to understand how their investments may be influencing political outcomes.

  3. Regulatory Oversight:

    • The Securities and Exchange Commission (SEC) would be tasked with enforcing these disclosure requirements and ensuring compliance among publicly traded companies.

  4. Penalties for Non-Compliance:

    • The bill outlines penalties for companies that fail to comply with the disclosure requirements, including potential fines and sanctions.

Who Would Be Affected

  • Publicly Traded Companies: The primary entities affected by this legislation are publicly traded corporations that engage in political spending.
  • Shareholders: Investors in these companies would benefit from increased transparency, enabling them to make more informed decisions regarding their investments.
  • Political Candidates and Parties: The bill may impact how political candidates and parties receive funding, as companies will be more cautious in their political contributions due to public scrutiny.

Procedural Aspects

  • Legislative Actions:

    • The bill was introduced in the House on March 18, 2025, and has been referred to the House Committee on Financial Services for further consideration.

  • Sponsorship:

    • The bill is primarily sponsored by Bill Foster and has several cosponsors, including Joyce Beatty, Brittany Pettersen, Sean Casten, Nydia M. Velázquez, Janice D. Schakowsky, James A. Himes, and Jesús G. "Chuy" García.

Conclusion

The Shareholder Political Transparency Act of 2025 represents a significant step towards increasing transparency in corporate political spending. By mandating disclosure and providing shareholders with access to information, the bill aims to empower investors and promote accountability within the corporate sector. As the bill progresses through the legislative process, its implications for corporate governance and political financing will be closely monitored.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.