,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #ajec  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,febru>y #g1 #bjai,mr4
 ,c>bajal 7= himself & ,ms4 ,l(gr57     
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to am5d ! ,securities ,ex*ange 
,act ( #aicd to direct ! ,securities &  
,ex*ange ,commission to issue           
regulations to require public           
corporations to disclose political      
exp5ditures1 & = o!r purposes4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,corporate ,political ,disclosure ,act (
 #bjai4  #b4 ,disclosure ( corporate    
exp5ditures = political activities  7a7 
,am5dm5t to report+ requirem5ts ,section
 #ac ( ! ,securities ,ex*ange ,act (    
#aicd 7#ae ,u4,s4,c4 #ghm7 is am5d$ by  
add+ at ! end ! foll[+3  7s7 ,report+   
requirem5ts relat$ to exp5ditures =     
political activities  7#a7 ,reports     
requir$ ,ea* issu] requir$ to file an   
annual report "u ?is section %all       
disclose 9 t report1 & publi% on an     

int]net website accessible to !         
%>ehold]s ( su* issu] & to ! public1 a  
summ>y ( exp5ditures = political        
activities made dur+ ! prec$+ ye>4  7#b7
 ,exp5diture = political activities     
def9$ ,9 ?is subsection1 ! t]m          
exp5diture = political activities means 
any-- 7,a7 indep5d5t exp5diture 7z def9$
 9 section #cja7ag7 ( ! ,f$]al ,election
 ,campaign ,act ( #aiga72  7,b7         
electione]+ communication 7z def9$ 9    
section #cjd7;f77#c7 ( t ,act7 & any o!r
 public communication 7z def9$ 9 section
 #cja7bb7 ( t ,act7 t w\ld be an        
electione]+ communication if x 7 a      
broadca/1 cable1 or satellite           
communication2 or  7,c7 dues or o!r     
paym5ts to trade associations or        
organizations describ$ 9 section        
#eja7;c7 ( ! ,int]nal ,rev5ue ,code (   
#aihf & exempt f tax "u section #eja7;a7
 ( t ,code t are1 or c\ld reasonably be 
anticipat$ to be1 us$ or transf]r$ to   
ano!r association or organization = a   
use describ$ 9 p>agraphs 7#a71 7#b71 or 

7#d7 ( su* section #eja7;c74  4  7b7    
,rulemak+ ,n lat] ?an #ij days aft] !   
enactm5t ( ?is ,act1 ! ,securities &    
,ex*ange ,commission %all issue         
regulations to c>ry out ! am5dm5t made  
by subsection 7a74