,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #ajah  ,,in ,,the ,,house ,,of  
,,representatives  ,february #f1        
#bjai,mr4 ,meeks 7for himself and ,ms4  
,adams7 introduced the following bill2  
which was referred to the ,committee on 
,financial ,services  ,a ,,bill  ,to    
amend the ,securities ,exchange ,act of 
#aicd to require the submission by      
issuers of data relating to diversity   
and for other purposes4  #a4 ,short     
title ,this ,act may be cited as the    
,improving ,corporate ,governance       
,through ,diversity ,act of #bjai4  #b4 
,submission of data relating to         
diversity by issuers ,section #ac of the
 ,securities ,exchange ,act of #aicd    
7#ae ,u4,s4,c4 #ghm7 is amended by      
adding at the end the following3  7s7   
,submission of data relating to         
diversity  7#a7 ,definitions ,in this   
subsection-- 7,a7 the term executive    
officer has the meaning given the term  
in section #bcj4eja7;f7 of title #ag1   
,code of ,federal ,regulations1 as in   

effect on the date of enactment of this 
subsection2 and  7,b7 the term veteran  
has the meaning given the term in       
section #aja of title #ch1 ,united      
,states ,code4  7#b7 ,submission of     
disclosure ,each issuer required to file
 an annual report under subsection 7a7  
shall disclose in any proxy statement   
and any information statement relating  
to the election of directors filed with 
the ,commission the following3  7,a7    
,data1 based on voluntary               
self-identification1 on the racial1     
ethnic1 and gender composition of-- 7i7 
the board of directors of the issuer2   
7ii7 nominees for the board of directors
 of the issuer2 and  7iii7 the executive
 officers of the issuer4  7,b7 ,the     
status of any member of the board of    
directors of the issuer1 any nominee for
 the board of directors of the issuer1  
or any executive officer of the issuer1 
based on voluntary self-identification1 
as a veteran4  7,c7 ,whether the board  
of directors of the issuer1 or any      

committee of that board of directors1   
has1 as of the date on which the issuer 
makes a disclosure under this paragraph1
 adopted any policy1 plan1 or strategy  
to promote racial1 ethnic1 and gender   
diversity among--  7i7 the board of     
directors of the issuer2  7ii7 nominees 
for the board of directors of the       
issuer2 or  7iii7 the executive officers
 of the issuer4  7#c7 ,alternative      
submission ,in any #a-year period in    
which an issuer required to file an     
annual report under subsection 7a7 does 
not file with the ,commission a proxy   
statement relating to the election of   
directors or an information statement1  
the issuer shall disclose the           
information required under paragraph    
7#b7 in the first annual report of      
issuer that the issuer submits to the   
,commission after the end of that       
#a-year period4  7#d7 ,best practices   
7,a7 ,in general ,the ,director of the  
,office of ,minority and ,women         
,inclusion of the ,commission shall1 not

 later than the end of the #c-year      
period beginning on the date of the     
enactment of this subsection and every  
three years thereafter1 and in          
consultation with the advisory council  
established pursuant to subparagraph    
7,c71 publish best practices for        
compliance with this subsection4  7,b7  
,comments ,the ,director of the ,office 
of ,minority and ,women ,inclusion of   
the ,commission may1 pursuant to        
subchapter ,,ii of chapter #e of title  
#e1 ,united ,states ,code1 solicit      
public comments related to the best     
practices published under subparagraph  
7,a74  7,c7 ,advisory ,committee ,the   
,director of the ,office of ,minority   
and ,women ,inclusion of the ,commission
 shall1 pursuant to the ,federal        
,advisory ,committee ,act1 establish an 
advisory council1 that includes issuers 
and investors1 to advise on the best    
practices published under subparagraph  
7,a74  4