,i #aacth ,,congress #ast ,session ,h4 ,r4 #bbad ,,in ,,the ,,house ,,of ,,representatives ,may #bd1 #bjac ,ms4 ,meng 7for herself1 ,mr4 ,blumenauer1 ,mr4 ,capuano1 ,mr4 ,cartwright1 ,ms4 ,chu1 ,mr4 ,cicilline1 ,mr4 ,cohen1 ,mr4 ,conyers1 ,ms4 ,edwards1 ,mr4 ,ellison1 ,mr4 ,connolly1 ,mr4 ,johnson of ,georgia1 ,mr4 ,huffman1 ,mr4 ,mc,govern1 ,mr4 ,murphy of ,florida1 ,mr4 ,pocan1 ,mr4 ,rangel1 ,ms4 ,shea-,porter1 ,ms4 ,slaughter1 and ,mr4 ,michaud7 introduced the following bill2 which was referred to the ,committee on ,financial ,services ,a ,,bill ,to amend the securities laws to require that registration statements1 quarterly and annual reports1 and proxy solicitations of public companies include a disclosure to shareholders of any expenditure made by that company in support of or in opposition to any candidate for ,federal1 ,state1 or local public office4 #a4 ,short title ,this ,act may be cited as the ,corporate ,politics ,transparency ,act4 #b4 ,disclosure to shareholders of certain political expenditures 7a7 ,quarterly and annual reports ,section #ac of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #ghm7 is amended by adding at the end the following new subsection3 7s7 ,disclosure of certain political expenditures 7#a7 ,disclosure required ,each quarterly and annual report required under this section or section #ae7;d7 shall include a disclosure of the total of any political expenditures in support of or in opposition to any candidate for ,federal1 ,state1 or local public office made by the issuer during the preceding #f-year period4 ,such disclosures shall contain1 at minimum1 the name and political party affiliation of each candidate in support of whom or in opposition to whom a political expenditure was made1 the amount of each such expenditure1 the public office that such candidate was or is seeking1 including the relevant ,state1 city1 or district1 and a statement of the issuer's interest in and reason for making such expenditure4 7#b7 ,definition ,for purposes of this subsection1 the term political expenditure in support of or in opposition to any candidate for ,federal1 ,state1 or local public office means an expenditure or series of expenditures totaling more than #aj1jjj for any single candidate during any single election that-- 7,a7 is an independent expenditure as such term is defined in section #cja7ag7 of the ,federal ,election ,campaign ,act of #aiga or is relating to a candidate for ,state or local public office that would be treated as an independent expenditure under such ,act if the candidate were a candidate for ,federal public office2 7,b7 is an electioneering communication1 as such term is defined in section #cjd7;f77#c7 of such ,act 7#b ,u4,s4,c4 #dcd7;f77#c772 or 7,c7 dues or other payments to any other organization that are1 or could reasonably be anticipated to be1 used or transferred to another association or organization for the purposes described in subparagraph 7,a7 or 7,b74 4 7b7 ,proxies ,section #ad of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #ghn7 is amended by adding at the end the following new subsection3 7k7 ,disclosure to shareholders of political expenditures ,any solicitation of any proxy or consent or authorization in respect of any security of an issuer shall contain a disclosure of the total of any political expenditures in support of or in opposition to any candidate for ,federal1 ,state1 or local public office made by the issuer during the preceding #f-year period4 ,such disclosure must be clear and conspicuous and1 at minimum1 contain the name and political party affiliation of each candidate in support of whom or in opposition to whom a political expenditure was made1 the amount of each such expenditure1 the public office that such candidate was or is seeking1 including the relevant ,state1 city1 or district1 and a statement of the issuer's interest in and reason for making such expenditure4 ,for purposes of this subsection1 the term political expenditure in support of or in opposition to any candidate for ,federal1 ,state1 or local public office has the meaning given such term in section #ac7m77#b74 4 7c7 ,registration statements ,section #g of the ,securities ,act of #aicc 7#ae ,u4,s4,c4 #gg;g7 is amended by adding at the end the following3 7e7 ,the registration statement shall also contain a disclosure of any political expenditures in support of or in opposition to any candidate for ,federal1 ,state1 or local public office made by the issuer during the preceding #f-year period4 ,such disclosure shall contain1 at minimum1 the name and political party affiliation of each candidate in support of whom or in opposition to whom a political expenditure was made1 the amount of each such expenditure1 the public office that such candidate was or is seeking1 including the relevant ,state1 city1 or district1 and a statement of the issuer's interest in and reason for making such expenditure4 ,for purposes of this subsection1 the term political expenditure in support of or in opposition to any candidate for ,federal1 ,state1 or local public office has the meaning given such term in section #ac7m77#b7 of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #ghm7m77#c774 4 7d7 ,modification of forms ,the ,securities and ,exchange ,commission shall make such modifications to any forms made available by the ,commission to facilitate the disclosures required by the amendments made by this ,act4 7e7 ,effective date ,the amendments made by this ,act shall take effect beginning with the first reports that are the subject of such amendments that are required to be filed for the fiscal year that begins after the date of enactment of this ,act4