,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #cbgi  ,,in ,,the ,,house ,,of  
,,representatives  ,june #ac1 #bjai,mrs4
 ,carolyn ,b4 ,maloney of ,new ,york    
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,a ,,bill  ,to    
require the ,securities and ,exchange   
,commission to establish a ,diversity   
,advisory ,group to study and make      
recommendations on strategies to        
increase gender1 racial1 and ethnic     
diversity among the members of the board
 of directors of issuers1 to amend the  
,securities ,exchange ,act of #aicd to  
require issuers to make disclosures to  
shareholders with respect to gender1    
racial1 and ethnic diversity1 and for   
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,diversity in  
,corporate ,leadership ,act of #bjai4   
#b4 ,diversity study and disclosures    
7a7 ,diversity ,advisory ,group  7#a7   
,establishment ,the ,securities and     
,exchange ,commission shall establish a 

,diversity ,advisory ,group 7the        
,advisory ,group71 which shall be       
composed of representatives from the    
,government1 academia1 and the private  
sector4  7#b7 ,study and recommendations
 ,the ,advisory ,group shall-- 7,a7     
carry out a study on strategies to      
increase gender1 racial1 and ethnic     
diversity among the members of the board
 of directors of issuers2 and  7,b7 not 
later than #i months after the          
establishment of the ,advisory ,group1  
issue a report to the ,commission1 the  
,committee on ,financial ,services of   
the ,house of ,representatives1 and the 
,committee on ,banking1 ,housing1 and   
,urban ,affairs of the ,senate          
containing the findings and             
determinations made in carrying out such
 study1 along with recommendations to   
increase gender1 racial1 and ethnic     
diversity among the members of the board
 of directors of issuers4  7#c7 ,annual 
report ,not later than #a year following
 the issuance of the report under       

paragraph 7#b77;,b71 and annually       
thereafter1 the ,commission shall issue 
a report to the ,committee on ,financial
 ,services of the ,house of             
,representatives and the ,committee on  
,banking1 ,housing1 and ,urban ,affairs 
of the ,senate on the status of gender1 
racial1 and ethnic diversity among the  
members of the board of directors of    
issuers4  7#d7 ,public availability of  
reports ,the ,commission shall make all 
reports of the ,advisory ,group         
available to issuers and the public1    
including on the website of the         
,commission4  7b7 ,disclosures ,the     
,securities ,exchange ,act of #aicd 7#ae
 ,u4,s4,c4 #gh;a et seq47 is amended by 
inserting after section #ad;,b the      
following3  #ad;,c4 ,diversity          
disclosures ,the ,commission shall1 by  
rule1 require each issuer to disclose1  
in any proxy or consent solicitation    
material for an annual meeting of the   
shareholders of the issuer1 the gender1 
racial1 and ethnic composition of the   

issuer's board of directors and nominees
 for the board of directors4  4