H.R. 1187: Corporate Governance Improvement and Investor Protection Act
Bill · 117th Congress (2021–2022). Passed House, 16 Jun 2021. Introduced 18 Feb 2021.
Official title: To provide for disclosure of additional material information about public companies and establish a Sustainable Finance Advisory Committee, and for other purposes.
Vote results
- House, 16 Jun 2021: Passed, 215 Yea, 214 Nay, 0 Present, 2 Not voting. The House’s roll call
- President: Not presented to the President.
How each member voted
House
Yea (215): Steny H. Hoyer (D-MD-5); Marcy Kaptur (D-OH-9); Peter A. DeFazio (D-OR-4); Nancy Pelosi (D-CA-12); Frank Pallone, Jr. (D-NJ-6); Richard E. Neal (D-MA-1); David E. Price (D-NC-4); Jim Cooper (D-TN-5); Rosa L. DeLauro (D-CT-3); Maxine Waters (D-CA-43); Jerrold Nadler (D-NY-10); Sanford D. Bishop, Jr. (D-GA-2); James E. Clyburn (D-SC-6); Anna G. Eshoo (D-CA-18); Eddie Bernice Johnson (D-TX-30); Carolyn B. Maloney (D-NY-12); Lucille Roybal-Allard (D-CA-40); Bobby L. Rush (D-IL-1); Robert C. "Bobby" Scott (D-VA-3); Nydia M. Velázquez (D-NY-7); Bennie G. Thompson (D-MS-2); Lloyd Doggett (D-TX-35); Sheila Jackson Lee (D-TX-18); Zoe Lofgren (D-CA-19); Earl Blumenauer (D-OR-3); Danny K. Davis (D-IL-7); Diana DeGette (D-CO-1); Ron Kind (D-WI-3); James P. McGovern (D-MA-2); Bill Pascrell, Jr. (D-NJ-9); Brad Sherman (D-CA-30); Adam Smith (D-WA-9); Gregory W. Meeks (D-NY-5); Barbara Lee (D-CA-13); John B. Larson (D-CT-1); Grace F. Napolitano (D-CA-32); Janice D. Schakowsky (D-IL-9); Mike Thompson (D-CA-5); James R. Langevin (D-RI-2); Rick Larsen (D-WA-2); Betty McCollum (D-MN-4); Adam B. Schiff (D-CA-28); Stephen F. Lynch (D-MA-8); Raúl M. Grijalva (D-AZ-3); C. A. Dutch Ruppersberger (D-MD-2); Tim Ryan (D-OH-13); David Scott (D-GA-13); Linda T. Sánchez (D-CA-38); Emanuel Cleaver (D-MO-5); Jim Costa (D-CA-16); Al Green (D-TX-9); Brian Higgins (D-NY-26); Gwen Moore (D-WI-4); Debbie Wasserman Schultz (D-FL-23); Doris O. Matsui (D-CA-6); Albio Sires (D-NJ-8); Kathy Castor (D-FL-14); Yvette D. Clarke (D-NY-9); Steve Cohen (D-TN-9); Joe Courtney (D-CT-2); Henry C. "Hank" Johnson, Jr. (D-GA-4); Jerry McNerney (D-CA-9); Ed Perlmutter (D-CO-7); John P. Sarbanes (D-MD-3); Peter Welch (D-VT-AL); John A. Yarmuth (D-KY-3); André Carson (D-IN-7); Jackie Speier (D-CA-14); Gerald E. Connolly (D-VA-11); James A. Himes (D-CT-4); Chellie Pingree (D-ME-1); Paul Tonko (D-NY-20); Mike Quigley (D-IL-5); Judy Chu (D-CA-27); John Garamendi (D-CA-3); Bill Foster (D-IL-11); Karen Bass (D-CA-37); David N. Cicilline (D-RI-1); William R. Keating (D-MA-9); Terri A. Sewell (D-AL-7); Frederica S. Wilson (D-FL-24); Dina Titus (D-NV-1); Kweisi Mfume (D-MD-7); Suzanne Bonamici (D-OR-1); Suzan K. DelBene (D-WA-1); Donald M. Payne, Jr. (D-NJ-10); Joyce Beatty (D-OH-3); Ami Bera (D-CA-7); Julia Brownley (D-CA-26); Cheri Bustos (D-IL-17); Matt Cartwright (D-PA-8); Joaquin Castro (D-TX-20); Tony Cárdenas (D-CA-29); Lois Frankel (D-FL-21); Jared Huffman (D-CA-2); Hakeem S. Jeffries (D-NY-8); Daniel T. Kildee (D-MI-5); Derek Kilmer (D-WA-6); Ann Kirkpatrick (D-AZ-2); Ann M. Kuster (D-NH-2); Alan S. Lowenthal (D-CA-47); Sean Patrick Maloney (D-NY-18); Grace Meng (D-NY-6); Scott H. Peters (D-CA-52); Mark Pocan (D-WI-2); Raul Ruiz (D-CA-36); Eric Swalwell (D-CA-15); Mark Takano (D-CA-41); Juan Vargas (D-CA-51); Marc A. Veasey (D-TX-33); Robin L. Kelly (D-IL-2); Katherine M. Clark (D-MA-5); Alma S. Adams (D-NC-12); Donald Norcross (D-NJ-1); Pete Aguilar (D-CA-31); Donald S. Beyer, Jr. (D-VA-8); Brendan F. Boyle (D-PA-2); Ed Case (D-HI-1); Mark DeSaulnier (D-CA-11); Debbie Dingell (D-MI-12); Ruben Gallego (D-AZ-7); Brenda L. Lawrence (D-MI-14); Ted Lieu (D-CA-33); Seth Moulton (D-MA-6); Kathleen M. Rice (D-NY-4); Norma J. Torres (D-CA-35); Bonnie Watson Coleman (D-NJ-12); Bradley Scott Schneider (D-IL-10); Dwight Evans (D-PA-3); Nanette Diaz Barragán (D-CA-44); Lisa Blunt Rochester (D-DE-AL); Anthony G. Brown (D-MD-4); Salud O. Carbajal (D-CA-24); J. Luis Correa (D-CA-46); Val Butler Demings (D-FL-10); Adriano Espaillat (D-NY-13); Josh Gottheimer (D-NJ-5); Steven Horsford (D-NV-4); Pramila Jayapal (D-WA-7); Ro Khanna (D-CA-17); Raja Krishnamoorthi (D-IL-8); Al Lawson, Jr. (D-FL-5); Stephanie N. Murphy (D-FL-7); Tom O’Halleran (D-AZ-1); Jimmy Panetta (D-CA-20); Jamie Raskin (D-MD-8); Darren Soto (D-FL-9); Thomas R. Suozzi (D-NY-3); Jimmy Gomez (D-CA-34); Conor Lamb (D-PA-17); Joseph D. Morelle (D-NY-25); Mary Gay Scanlon (D-PA-5); Susan Wild (D-PA-7); Colin Z. Allred (D-TX-32); Cynthia Axne (D-IA-3); Sean Casten (D-IL-6); Angie Craig (D-MN-2); Jason Crow (D-CO-6); Sharice Davids (D-KS-3); Madeleine Dean (D-PA-4); Veronica Escobar (D-TX-16); Sylvia R. Garcia (D-TX-29); Jesús G. "Chuy" García (D-IL-4); Jared F. Golden (D-ME-2); Josh Harder (D-CA-10); Jahana Hayes (D-CT-5); Chrissy Houlahan (D-PA-6); Andy Kim (D-NJ-3); Andy Levin (D-MI-9); Mike Levin (D-CA-49); Elaine G. Luria (D-VA-2); Tom Malinowski (D-NJ-7); Lucy McBath (D-GA-6); Joe Neguse (D-CO-2); Alexandria Ocasio-Cortez (D-NY-14); Ilhan Omar (D-MN-5); Chris Pappas (D-NH-1); Dean Phillips (D-MN-3); Katie Porter (D-CA-45); Ayanna Pressley (D-MA-7); Kim Schrier (D-WA-8); Mikie Sherrill (D-NJ-11); Elissa Slotkin (D-MI-8); Abigail Davis Spanberger (D-VA-7); Greg Stanton (D-AZ-9); Haley M. Stevens (D-MI-11); Rashida Tlaib (D-MI-13); Lori Trahan (D-MA-3); David J. Trone (D-MD-6); Lauren Underwood (D-IL-14); Jennifer Wexton (D-VA-10); Jake Auchincloss (D-MA-4); Carolyn Bourdeaux (D-GA-7); Jamaal Bowman (D-NY-16); Cori Bush (D-MO-1); Sara Jacobs (D-CA-53); Mondaire Jones (D-NY-17); Kaiali’i Kahele (D-HI-2); Teresa Leger Fernandez (D-NM-3); Kathy E. Manning (D-NC-6); Frank J. Mrvan (D-IN-1); Marie Newman (D-IL-3); Deborah K. Ross (D-NC-2); Marilyn Strickland (D-WA-10); Ritchie Torres (D-NY-15); Nikema Williams (D-GA-5); Troy A. Carter (D-LA-2); Melanie A. Stansbury (D-NM-1); Michael F. Doyle (D-PA-18); G. K. Butterfield (D-NC-1); Theodore E. Deutch (D-FL-22); Filemon Vela (D-TX-34); A. Donald McEachin (D-VA-4); Charlie Crist (D-FL-13); Antonio Delgado (D-NY-19).
Nay (214): Harold Rogers (R-KY-5); Christopher H. Smith (R-NJ-4); Fred Upton (R-MI-6); Ken Calvert (R-CA-42); Frank D. Lucas (R-OK-3); Steve Chabot (R-OH-1); Robert B. Aderholt (R-AL-4); Kevin Brady (R-TX-8); Kay Granger (R-TX-12); Michael K. Simpson (R-ID-2); Pete Sessions (R-TX-17); Sam Graves (R-MO-6); Joe Wilson (R-SC-2); Michael C. Burgess (R-TX-26); John R. Carter (R-TX-31); Tom Cole (R-OK-4); Mario Diaz-Balart (R-FL-25); Mike Rogers (R-AL-3); Michael R. Turner (R-OH-10); Darrell Issa (R-CA-50); Henry Cuellar (D-TX-28); Virginia Foxx (R-NC-5); Louie Gohmert (R-TX-1); Michael T. McCaul (R-TX-10); Patrick T. McHenry (R-NC-10); Cathy McMorris Rodgers (R-WA-5); Gus M. Bilirakis (R-FL-12); Vern Buchanan (R-FL-16); Jim Jordan (R-OH-4); Doug Lamborn (R-CO-5); Kevin McCarthy (R-CA-23); Adrian Smith (R-NE-3); Robert E. Latta (R-OH-5); Robert J. Wittman (R-VA-1); Steve Scalise (R-LA-1); Tim Walberg (R-MI-7); Brett Guthrie (R-KY-2); Blaine Luetkemeyer (R-MO-3); Tom McClintock (R-CA-4); Bill Posey (R-FL-8); Glenn Thompson (R-PA-15); Kurt Schrader (D-OR-5); Mo Brooks (R-AL-5); Larry Bucshon (R-IN-8); Eric A. "Rick" Crawford (R-AR-1); Scott DesJarlais (R-TN-4); Jeff Duncan (R-SC-3); Charles J. "Chuck" Fleischmann (R-TN-3); Bob Gibbs (R-OH-7); Paul A. Gosar (R-AZ-4); H. Morgan Griffith (R-VA-9); Andy Harris (R-MD-1); Vicky Hartzler (R-MO-4); Jaime Herrera Beutler (R-WA-3); Bill Huizenga (R-MI-2); Bill Johnson (R-OH-6); Mike Kelly (R-PA-16); Adam Kinzinger (R-IL-16); Billy Long (R-MO-7); David B. McKinley (R-WV-1); Steven M. Palazzo (R-MS-4); David Schweikert (R-AZ-6); Austin Scott (R-GA-8); Daniel Webster (R-FL-11); Steve Womack (R-AR-3); Mark E. Amodei (R-NV-2); Thomas Massie (R-KY-4); Andy Barr (R-KY-6); Rodney Davis (R-IL-13); Richard Hudson (R-NC-8); David P. Joyce (R-OH-14); Doug LaMalfa (R-CA-1); Markwayne Mullin (R-OK-2); Scott Perry (R-PA-10); Tom Rice (R-SC-7); Chris Stewart (R-UT-2); Ann Wagner (R-MO-2); Randy K. Weber, Sr. (R-TX-14); Brad R. Wenstrup (R-OH-2); Roger Williams (R-TX-25); Jason Smith (R-MO-8); Rick W. Allen (R-GA-12); Brian Babin (R-TX-36); Mike Bost (R-IL-12); Ken Buck (R-CO-4); Earl L. "Buddy" Carter (R-GA-1); Tom Emmer (R-MN-6); Garret Graves (R-LA-6); Glenn Grothman (R-WI-6); Jody B. Hice (R-GA-10); J. French Hill (R-AR-2); John Katko (R-NY-24); Barry Loudermilk (R-GA-11); John R. Moolenaar (R-MI-4); Alexander X. Mooney (R-WV-2); Dan Newhouse (R-WA-4); Gary J. Palmer (R-AL-6); David Rouzer (R-NC-7); Elise M. Stefanik (R-NY-21); Bruce Westerman (R-AR-4); Lee M. Zeldin (R-NY-1); David G. Valadao (R-CA-21); Trent Kelly (R-MS-1); Darin LaHood (R-IL-18); Warren Davidson (R-OH-8); James Comer (R-KY-1); Jodey C. Arrington (R-TX-19); Don Bacon (R-NE-2); Jim Banks (R-IN-3); Jack Bergman (R-MI-1); Andy Biggs (R-AZ-5); Ted Budd (R-NC-13); Liz Cheney (R-WY-AL); Neal P. Dunn (R-FL-2); A. Drew Ferguson IV (R-GA-3); Brian K. Fitzpatrick (R-PA-1); Matt Gaetz (R-FL-1); Mike Gallagher (R-WI-8); Clay Higgins (R-LA-3); Trey Hollingsworth (R-IN-9); Mike Johnson (R-LA-4); David Kustoff (R-TN-8); Brian J. Mast (R-FL-18); John H. Rutherford (R-FL-4); Lloyd Smucker (R-PA-11); Ron Estes (R-KS-4); Ralph Norman (R-SC-5); John R. Curtis (R-UT-3); Debbie Lesko (R-AZ-8); Michael Cloud (R-TX-27); Troy Balderson (R-OH-12); Kevin Hern (R-OK-1); Kelly Armstrong (R-ND-AL); James R. Baird (R-IN-4); Tim Burchett (R-TN-2); Ben Cline (R-VA-6); Lizzie Fletcher (D-TX-7); Russ Fulcher (R-ID-1); Anthony Gonzalez (R-OH-16); Lance Gooden (R-TX-5); Mark E. Green (R-TN-7); Michael Guest (R-MS-3); Dusty Johnson (R-SD-AL); John Joyce (R-PA-13); Susie Lee (D-NV-3); Daniel Meuser (R-PA-9); Carol D. Miller (R-WV-3); Greg Pence (R-IN-6); Guy Reschenthaler (R-PA-14); John W. Rose (R-TN-6); Chip Roy (R-TX-21); Pete Stauber (R-MN-8); Bryan Steil (R-WI-1); W. Gregory Steube (R-FL-17); Van Taylor (R-TX-3); William R. Timmons IV (R-SC-4); Jefferson Van Drew (R-NJ-2); Michael Waltz (R-FL-6); Claudia Tenney (R-NY-22); Fred Keller (R-PA-12); Dan Bishop (R-NC-9); Gregory F. Murphy (R-NC-3); Mike Garcia (R-CA-25); Thomas P. Tiffany (R-WI-7); Chris Jacobs (R-NY-27); Cliff Bentz (R-OR-2); Stephanie I. Bice (R-OK-5); Lauren Boebert (R-CO-3); Kat Cammack (R-FL-3); Jerry L. Carl (R-AL-1); Madison Cawthorn (R-NC-11); Andrew S. Clyde (R-GA-9); Byron Donalds (R-FL-19); Pat Fallon (R-TX-4); Randy Feenstra (R-IA-4); Michelle Fischbach (R-MN-7); Scott Fitzgerald (R-WI-5); Scott Franklin (R-FL-15); Andrew R. Garbarino (R-NY-2); Carlos A. Gimenez (R-FL-26); Tony Gonzales (R-TX-23); Bob Good (R-VA-5); Marjorie Taylor Greene (R-GA-14); Diana Harshbarger (R-TN-1); Yvette Herrell (R-NM-2); Ashley Hinson (R-IA-1); Ronny Jackson (R-TX-13); Young Kim (R-CA-39); Jake LaTurner (R-KS-2); Nancy Mace (R-SC-1); Nicole Malliotakis (R-NY-11); Tracey Mann (R-KS-1); Lisa C. McClain (R-MI-10); Peter Meijer (R-MI-3); Mary E. Miller (R-IL-15); Mariannette Miller-Meeks (R-IA-2); Barry Moore (R-AL-2); Blake D. Moore (R-UT-1); Troy E. Nehls (R-TX-22); Jay Obernolte (R-CA-8); Burgess Owens (R-UT-4); August Pfluger (R-TX-11); Matthew M. Rosendale, Sr. (R-MT-AL); Maria Elvira Salazar (R-FL-27); Victoria Spartz (R-IN-5); Michelle Steel (R-CA-48); Beth Van Duyne (R-TX-24); Julia Letlow (R-LA-5); Don Young (R-AK-AL); Devin Nunes (R-CA-22); Jeff Fortenberry (R-NE-1); Tom Reed (R-NY-23); Jackie Walorski (R-IN-2); Jim Hagedorn (R-MN-1).
Not voting (2): Vicente Gonzalez (D-TX-15); Dan Crenshaw (R-TX-2).
Not in office (18): Jake Ellzey (R-TX-6); Shontel M. Brown (D-OH-11); Mike Carey (R-OH-15); Sheila Cherfilus-McCormick (D-FL-20); Connie Conway (R-CA-22); Mayra Flores (R-TX-34); Mike Flood (R-NE-1); Brad Finstad (R-MN-1); Mary Sattler Peltola (D-AK-AL); Patrick Ryan (D-NY-19); Joseph Sempolinski (R-NY-23); Rudy Yakym III (R-IN-2); Alcee L. Hastings (D-FL-20); Marcia L. Fudge (D-OH-11); Steve Stivers (R-OH-15); Cedric L. Richmond (D-LA-2); Debra A. Haaland (D-NM-1); Ron Wright (R-TX-6).
Summary
Main subject: Amends federal securities law to require public companies to disclose additional information, including ESG metrics, political spending, pay, climate risks, country-by-country tax data, workforce and harassment data, cybersecurity expertise, board diversity and Xinjiang imports, and creates a Sustainable Finance Advisory Committee. Sec. 103, Sec. 104, Sec. 203, Sec. 302, Sec. 403, Sec. 502, Sec. 603, Sec. 701, Sec. 802, Sec. 902, Sec. 1002
Its core areas: Environmental, social and governance (ESG) metrics disclosure and the Sustainable Finance Advisory Committee; Corporate political expenditure reporting; Executive and employee pay disclosure; Climate-related risk disclosure; Country-by-country tax reporting by multinational groups; Workforce management and workplace harassment disclosure; Board cybersecurity expertise and board and executive diversity data; Disclosure of imports connected to the Xinjiang Uyghur Autonomous Region.
Unexpected Items: 9 provisions
These provisions fall outside the bill’s main subject or apply narrowly. This describes the text; it is not a judgment.
Not related to the bill’s main subject (2)
- Sec. 105: Study on shareholder collective action: Directs the SEC to study shareholder collective action and possible anticompetitive activity, and to report guidance and recommendations on regulatory safe harbors for shareholder engagement.
- Sec. 605: SEC study: Directs the SEC to study the value to investors of information on issuers' human rights commitments, Fair Labor Standards Act violations, worker misclassification and related matters, and to report to Congress within 1 year.
Exception or delay for a subset (7)
- Sec. 103: ESG disclosures: Requires ESG metric disclosures in filings and proxy materials, and lets the Commission phase in the amendments for small issuers on criteria it sets.
- Sec. 302: Pay raise disclosures: Requires annual-report disclosure of executive and employee median pay increases and comparisons to the Consumer Price Index, but excludes emerging growth companies.
- Sec. 404: Backstop: If the SEC has not issued climate disclosure rules 2 years after enactment, covered issuers are deemed in compliance if their annual reports satisfy the Task Force on Climate-related Financial Disclosures recommendations until rules are issued.
- Sec. 603: Disclosures relating to workforce management: Requires issuers to disclose workforce management information, and lets the Commission exempt emerging growth companies from some of the required disclosures.
- Sec. 604: Backstop: If the SEC has not issued workforce disclosure regulations 2 years after enactment, covered issuers are deemed in compliance if their annual reports satisfy ISO 30414 standards until regulations are issued.
- Sec. 903: Diversity advisory group: Establishes a Diversity Advisory Group at the SEC to study and recommend strategies on board diversity, and exempts the group and its activities from the Federal Advisory Committee Act.
- Sec. 203: Reporting requirements: Sets quarterly and annual political expenditure reporting for issuers, but leaves out registered investment companies and excludes direct lobbying through registered lobbyists, communications to shareholders and personnel, and separate segregated fund contributions from reportable expenditures.
What it does
- Sec. 103: Requires the Securities and Exchange Commission to amend part 210 of title 17, Code of Federal Regulations, so that issuers disclose ESG metrics in filings that require audited financial statements, and to define those metrics.
- Sec. 104: Requires the Commission to establish a permanent Sustainable Finance Advisory Committee of no more than 20 members, which must submit a report to the Commission within 18 months after its first meeting.
- Sec. 203: Requires the Commission to amend its rules so that issuers file quarterly reports on expenditures for political activities, and to require annual reports to summarize such expenditures in excess of $10,000.
- Sec. 403: Requires covered issuers to include in annual reports information on the physical risks and transition risks that climate change poses to them, with Commission rules due within 2 years after enactment.
- Sec. 502: Requires covered issuers that belong to multinational enterprise groups to file reports with the Commission, by tax jurisdiction, covering revenues, profit or loss before income tax, income tax paid, and number of employees.
- Sec. 603: Requires the Commission, within 2 years after enactment, to issue regulations under which annual reports disclose workforce management policies, practices and performance, including workforce demographics, stability, training, and health and safety.
Written automatically from the official text by Claude Sonnet 5.5, an AI model. Written 15 Oct 2026 and published after the automatic checks, without a person reading it first. Every line names the section it came from.