,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #ajec  ,,in ,,the ,,house ,,of  
,,representatives  ,february #g1        
#bjai,mr4 ,carbajal 7for himself and    
,ms4 ,lofgren7 introduced the following 
bill2 which was referred to the         
,committee on ,financial ,services  ,a  
,,bill  ,to amend the ,securities       
,exchange ,act of #aicd to direct the   
,securities and ,exchange ,commission to
 issue regulations to require public    
corporations to disclose political      
expenditures1 and for other purposes4   
#a4 ,short title ,this ,act may be cited
 as the ,corporate ,political           
,disclosure ,act of #bjai4  #b4         
,disclosure of corporate expenditures   
for political activities  7a7 ,amendment
 to reporting requirements ,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  
,reporting requirements related to      
expenditures for political activities   
7#a7 ,reports required ,each issuer     

required to file an annual report under 
this section shall disclose in that     
report1 and publish on an internet      
website accessible to the shareholders  
of such issuer and to the public1 a     
summary of expenditures for political   
activities made during the preceding    
year4  7#b7 ,expenditure for political  
activities defined ,in this subsection1 
the term expenditure for political      
activities means any-- 7,a7 independent 
expenditure 7as defined in section      
#cja7ag7 of the ,federal ,election      
,campaign ,act of #aiga72  7,b7         
electioneering communication 7as defined
 in section #cjd7;f77#c7 of that ,act7  
and any other public communication 7as  
defined in section #cja7bb7 of that     
,act7 that would be an electioneering   
communication if it were a broadcast1   
cable1 or satellite communication2 or   
7,c7 dues or other payments to trade    
associations or organizations described 
in section #eja7;c7 of the ,internal    
,revenue ,code of #aihf and exempt from 

tax under section #eja7;a7 of that ,code
 that are1 or could reasonably be       
anticipated to be1 used or transferred  
to another association or organization  
for a use described in paragraphs 7#a71 
7#b71 or 7#d7 of such section #eja7;c74 
4  7b7 ,rulemaking ,not later than #ij  
days after the enactment of this ,act1  
the ,securities and ,exchange           
,commission shall issue regulations to  
carry out the amendment made by         
subsection 7a74