,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #eicj  ,,in ,,the ,,house ,,of  
,,representatives  ,february #ba1       
#bjbj,mrs4 ,axne 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      
issuers to disclose information about   
human capital management in annual      
reports1 and for other purposes4  #a4   
,short title ,this ,act may be cited as 
the ,workforce ,investment ,disclosure  
,act of #bjbj4  #b4 ,disclosures related
 to human capital management ,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
 ,disclosures related to human capital  
management  7#a7 ,in general ,each      
issuer required to file an annual report
 under subsection 7a7 shall disclose in 
that report information about human     
capital management policies1 practices1 
and performance4  7#b7 ,rules ,not later

 than #bgj days after the date of the   
enactment of this subsection1 the       
,commission shall issue final rules to  
carry out paragraph 7#a7 and such rules 
shall require disclosure of the         
following with respect to the issuer3   
7,a7 ,workforce demographic information1
 including the number of full-time      
employees1 the number of part-time      
employees1 the number of contingent     
workers 7including temporary and        
contract workers71 and any policies or  
practices relating to subcontracting1   
outsourcing1 and insourcing4  7,b7      
,workforce stability information1       
including information about the         
voluntary turnover or retention rate1   
the involuntary turnover or retention   
rate1 the internal hiring rate1 and the 
internal promotion rate4  7,c7          
,workforce composition1 including data  
on diversity 7including racial and      
gender composition7 and any policies and
 audits related to diversity4  7,d7     
,workforce skills and capabilities1     

including information about training of 
employees 7including the average number 
of hours of training per employee per   
year71 skills gaps1 and alignment of    
skills and capabilities with business   
strategy4  7,e7 ,workforce culture and  
empowerment1 including information      
about-- 7i7 policies and practices of   
the issuer relating to freedom of       
association and work-life balance       
initiatives2  7ii7 any incidents of     
verified workplace harassment in the    
previous #e fiscal years of the issuer2 
and  7iii7 policies and practices of the
 issuer relating to employee engagement 
and psychological wellbeing1 including  
management discussion regarding-- 7,i7  
the creation of an autonomous work      
environment2  7,,ii7 fostering a sense  
of purpose in the workforce2  7,,iii7   
trust in management2 and  7,,iv7 a      
supportive1 fair1 and constructive      
workplace4  7,f7 ,workforce health and  
safety1 including information about--   
7i7 the frequency1 severity1 and lost   

time due to injuries1 illness1 and      
fatalities2  7ii7 the total dollar value
 of assessed fines under the            
,occupational ,safety and ,health ,act  
of #aigj2  7iii7 the total number of    
actions brought under section #ac of the
 ,occupational ,safety and ,health ,act 
of #aigj to prevent imminent dangers2   
and  7iv7 the total number of actions   
brought against the issuer under section
 #aa7;c7 of the ,occupational ,safety   
and ,health ,act of #aigj4  7,g7        
,workforce compensation and incentives1 
including information about-- 7i7 total 
workforce compensation1 including       
disaggregated information about         
compensation for full-time1 part-time1  
and contingent workers2  7ii7 policies  
and practices about how performance1    
productivity1 and sustainability are    
considered when setting pay and making  
promotion decisions2 and  7iii7 policies
 and practices relating to any          
incentives and bonuses provided to      
employees below the named executive     

level and any policies or practices     
designed to counter any risks create by 
such incentives and bonuses4  7,h7      
,workforce recruiting1 including        
information about the quality of hire1  
new hire engagement rate1 and new hire  
retention rate4  4  #c4 ,backstop ,if1  
#b years after the date of the enactment
 of this ,act1 the ,securities and      
,exchange ,commission has not issued    
rules required under section #ac7s77#b7 
of the ,securities ,exchange ,act of    
#aicd1 as added by section #b1 and until
 such rules are issued1 an issuer shall 
be deemed in compliance with section    
#ac7s7 of the ,securities ,exchange ,act
 of #aicd if disclosures set forth in   
the annual report of such issuer satisfy
 the public disclosure standards of the 
,international ,organization for        
,standardization's ,,iso #cjdad1 or any 
successor standards for external human  
capital reporting1 and as supplemented  
or adjusted by such rules1 guidance1 or 
other comments from the ,commission4    

#d4 ,,sec study  7a7 ,study ,the        
,securities and ,exchange ,commission   
shall conduct a study about the value to
 investors of-- 7#a7 information about  
the human rights commitments of issuers 
of securities required to file annual   
reports under section #ac7;a7 of the    
,securities ,exchange ,act of #aicd1    
including information about any         
principles used to evaluate risk1       
constituency consultation processes1 and
 supplier due diligence2  7#b7          
information about violations1 by issuers
 of securities required to file annual  
reports under section #ac7;a7 of the    
,securities ,exchange ,act of #aicd1 of 
the ,fair ,labor ,standards ,act of     
#aich2  7#c7 disaggregating the         
information requested in section #ac7s7 
of the ,securities ,exchange ,act of    
#aicd based on relevant workforce       
subgroups1 including-- 7,a7 full-time   
employees2  7,b7 part-time employees2   
7,c7 contingent workers2 and  7,d7      
company management2 and  7#d7 surveys   

regarding employee satisfaction and     
engagement4  7b7 ,report ,not later than
 #a year after the date of the enactment
 of this ,act1 the ,securities and      
,exchange ,commission shall submit to   
,congress a report about the study      
conducted pursuant to subsection 7a74