,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fcfj  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #bc1 #bjbj,ms4   
,ocasio-,cortez 7= h]self1 ,ms4 ,tlaib1 
& ,ms4 ,pressley7 introduc$ ! foll[+    
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices  ,a ,,bill  ,to      
e/abli% requirem5ts on accel]at$ fil]s  
receiv+ ,f$]al aid relat$ to            
,,covid-#ai1 to e/abli% requirem5ts on  
all corporations until ,f$]al aid relat$
 to ,,covid-#ai is repaid1 & = o!r      
purposes4  #a4 ,requirem5ts on all      
corporations until ,f$]al aid relat$ to 
,,covid-#ai is repaid ,any corporation t
 receives ,f$]al aid relat$ to          
,,covid-#ai %all1 until ! date on :i*   
all su* ,f$]al aid is repaid by !       
corporation to ! ,f$]al ,gov]nm5t1      
comply ) ! foll[+3 7#a7 ,re/rictions on 
executive bonuses ,! corporation may n  
pay a bonus to any executive ( !        
corporation4  7#b7 ,ban on executive    
gold5 p>a*utes ,! corporation may n pay 
any type ( comp5sation 7:e!r pres5t1    

def]r$1 or cont+5t7 to an executive ( ! 
corporation1 if su* comp5sation is 9    
connection ) ! t]m9ation ( employm5t ( !
 executive4  7#c7 ,ban on /ock buybacks 
,! corporation may n pur*ase securities 
( ! corporation4  7#d7 ,ban on divid5ds 
,! corporation may n pay divid5ds on    
securities ( ! corporation4  7#e7 ,ban  
on ,f$]al lobby+ ,! corporation may n   
c>ry out any ,f$]al lobby+ activities4  
#b4 ,p]man5t requirem5ts on accel]at$   
fil]s receiv+ ,f$]al aid relat$ to      
,,covid-#ai  7a7 ,9 g5]al ,an accel]at$ 
fil] t receives ,f$]al aid relat$ to    
,,covid-#ai %all p]man5tly comply ) !   
foll[+3 7#a7 ,work] bo>d repres5tation  
7,a7 ,9 g5]al ,at lea/ #ac ( ! memb]s ( 
! accel]at$ fil]'s directors are *os5 by
 ! employees ( ! accel]at$ fil] 9 a     
"o-employee-"o-vote election process4   
7,b7 ,compliance date ,an accel]at$ fil]
 %all comply ) ! requirem5ts "u         
subp>agraph 7,a7 n lat] ?an ! end ( !   
#b-ye> p]iod beg9n+ on ! date ( enactm5t
 ( ?is ,act4  7,c7 ,def9itions ,9 ?is   

p>agraph-- 7i7 ! t]m director has !     
mean+ giv5 ! t]m 9 section #c ( !       
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #gh;c72 &  7ii7 ! t]m employee
 has ! mean+ giv5 ! t]m 9 section #b ( !
 ,national ,labor ,relations ,act 7#bi  
,u4,s4,c4 #aeb74  7#b7 ,additional      
disclosures ,if ! securities ( !        
corporation are trad$ on a national     
securities ex*ange1 ! corporation %all  
issue ! foll[+ disclosures to !         
,securities & ,ex*ange ,commission on a 
qu>t]ly basis 7& make su* disclosures   
available to %>ehold]s ( ! corporation &
 ! public73 7,a7 ,! political sp5d+     
disclosures requir$ "u subsection 7b74  
7,b7 ,! human capital managem5t         
disclosures requir$ "u subsection 7c74  
7,c7 ,! environm5tal1 social1 &         
gov]nance disclosures requir$ "u        
subsection 7d74  7,d7 ,! ,f$]al aid     
disclosures requir$ "u subsection 7e74  
7,e7 ,! disclosures ( f9ancial p]=mance 
on a c\ntry-by-c\ntry basis requir$ "u  
subsection 7f74  7b7 ,political sp5d+   

disclosures  7#a7 ,9 g5]al ,) respect to
 an accel]at$ fil]1 ! disclosures       
requir$ "u ?is subsection are-- 7,a7 a  
description ( any exp5diture = political
 activities made dur+ ! prec$+ qu>t]2   
7,b7 ! date ( ea* exp5diture = political
 activities2  7,c7 ! am\nt ( ea*        
exp5diture = political activities2  7,d7
 if ! exp5diture = political activities 
0 made 9 support ( or oppos$ to a       
c&idate1 ! "n ( ! c&idate & ! (fice     
s\ght by1 & ! political p>ty affiliation
 (1 ! c&idate2  7,e7 ! "n or id5tity (  
trade associations or organizations     
describ$ 9 section #eja7;c7 ( ! ,int]nal
 ,rev5ue ,code ( #aihf & exempt f tax "u
 section #eja7;a7 ( su* ,code :i*       
receive dues or o!r paym5ts z describ$ 9
 p>agraph 7#a77;,a77i77,,iii72  7,f7 a  
summ>y ( ea* exp5diture = political     
activities made dur+ ! prec$+ ye> 9     
excess ( #aj1jjj1 & ea* exp5diture =    
political activities = a p>ticul>       
election if ! total am\nt ( su*         
exp5ditures = t election is 9 excess (  

#aj1jjj2  7,g7 a description ( !        
specific nature ( any exp5diture =      
political activities ! corporation      
int5ds to make = ! =?com+ fiscal ye>1 to
 ! ext5t ! specific nature is kn[n to ! 
corporation2 &  7,h7 ! total am\nt (    
exp5ditures = political activities      
int5d$ to be made by ! corporation = !  
=?com+ fiscal ye>4  7#b7 ,def9itions ,9 
?is subsection3 7,a7 ,exp5diture =      
political activities ,! t]m exp5diture =
 political activities-- 7i7 means-- 7,i7
 an indep5d5t exp5diture 7z def9$ 9     
section #cja7ag7 ( ! ,f$]al ,election   
,campaign ,act ( #aiga 7#eb ,u4,s4,c4   
#cjaja7ag7772  7,,ii7 an electione]+    
communication 7z def9$ 9 section        
#cjd7;f77#c7 ( t ,act 7#eb ,u4,s4,c4    
#cjajd7;f77#c777 & any o!r public       
communication 7z def9$ 9 section        
#cja7bb7 ( t ,act 7#eb ,u4,s4,c4        
#cjaja7bb777 t w\ld be an electione]+   
communication if x 7 a broadca/1 cable1 
or satellite communication2 or  7,,iii7 
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 = ! purposes describ$ 9    
subclause 7,i7 or 7,,ii72 &  7ii7 does n
 include-- 7,i7 direct lobby+ ef=ts     
?r\gh regi/]$ lobbyi/s employ$ or hir$  
by ! corporation2  7,,ii7 communications
 by a corporation to its %>ehold]s &    
executive or adm9i/rative p]sonnel & _! 
families2 or  7,,iii7 ! e/abli%m5t &    
adm9i/ration ( contributions to a       
sep>ate segregat$ fund to be utiliz$ =  
political purposes by a corporation4    
7,b7 ,exception ,! t]m corporation does 
n include an inve/m5t company regi/]$ "u
 section #h ( ! ,inve/m5t ,company ,act 
( #aidj 7#ae ,u4,s4,c4 #hj;a-#h74  7c7  
,human capital managem5t disclosures ,) 
respect to an accel]at$ fil]1 !         
disclosures requir$ "u ?is subsection   
are ! foll[+3 7#a7 ,work=ce demographic 

in=mation1 includ+ ! numb] ( full-"t    
employees1 ! numb] ( "p-"t employees1 ! 
numb] ( cont+5t work]s 7includ+ tempor>y
 & contract work]s71 & any policies or  
practices relat+ to subcontract+1       
outs\rc+1 & ins\rc+4  7#b7 ,work=ce     
/ability in=mation1 includ+ in=mation   
ab\t ! volunt>y turnov] or ret5tion     
rate1 ! involunt>y turnov] rate1 !      
int]nal hir+ rate1 & ! int]nal promotion
 rate4  7#c7 ,work=ce composition1      
includ+ data on div]sity 7includ+ racial
 & g5d] composition7 & any policies &   
audits relat$ to div]sity4  7#d7        
,work=ce skills & capabilities1 includ+ 
in=mation ab\t tra9+ ( employees        
7includ+ ! av]age numb] ( h\rs ( tra9+ &
 sp5d+ on tra9+ p] employee p] ye>71    
skills gaps1 & alignm5t ( skills &      
capabilities ) bus9ess /rategy4  7#e7   
,work=ce culture & emp[]m5t1 includ+    
in=mation ab\t-- 7,a7 policies &        
practices ( ! corporation relat+ to     
fre$om ( association & "w-life balance  
initiatives2  7,b7 any incid5ts ( v]ifi$

 workplace h>assm5t 9 ! previ\s #e      
fiscal ye>s ( ! corporation2 &  7,c7    
policies & practices ( ! corporation    
relat+ to employee engagem5t &          
psy*ological wellbe+1 includ+ managem5t 
discussion reg>d+-- 7i7 ! creation ( an 
autonom\s "w environm5t2  7ii7 fo/]+ a  
s5se ( purpose 9 ! work=ce2  7iii7 tru/ 
9 managem5t2 &  7iv7 a supportive1 fair1
 & con/ructive workplace4  7#f7 ,work=ce
 heal? & safety1 includ+ in=mation      
ab\t-- 7,a7 ! frequ5cy1 sev]ity1 & lo/  
"t due to injuries1 illness1 &          
fatalities2  7,b7 ! total doll> value ( 
assess$ f9es "u ! ,occupational ,safety 
& ,heal? ,act ( #aigj2  7,c7 ! total    
numb] ( actions br\ght "u section #ac ( 
! ,occupational ,safety & ,heal? ,act ( 
#aigj to prev5t imm95t dang]s2 &  7,d7 !
 total numb] ( actions br\ght aga9/ !   
corporation "u section #aa7;c7 ( !      
,occupational ,safety & ,heal? ,act (   
#aigj4  7#g7 ,work=ce comp5sation &     
inc5tives1 includ+ in=mation ab\t-- 7,a7
 total work=ce comp5sation1 includ+     

disaggregat$ in=mation ab\t comp5sation 
= full-"t1 "p-"t1 & cont+5t work]s2     
7,b7 policies & practices ab\t h[       
p]=mance1 productivity1 & su/a9ability  
are consid]$ :5 sett+ pay & mak+        
promotion decisions2 &  7,c7 policies & 
practices relat+ to any inc5tives &     
bonuses provid$ to employees bel[ ! nam$
 executive level & any policies or      
practices design$ to c\nt] any risks    
create by su* inc5tives & bonuses4  7#h7
 ,work=ce recruit+1 includ+ in=mation   
ab\t ! quality ( hire1 new hire         
engagem5t rate1 & new hire ret5tion     
rate4  7d7 ,environm5tal1 social1 &     
gov]nance disclosures ,) respect to an  
accel]at$ fil]1 ! disclosures requir$ "u
 ?is subsection are disclosures t       
satisfy ! recomm5dations ( ! ,task ,=ce 
on ,climate-relat$ ,f9ancial            
,disclosures ( ! ,f9ancial ,/ability    
,bo>d z report$ 9 ,june1 #bjag4  7e7    
,f$]al aid disclosures ,) respect to an 
accel]at$ fil]1 ! disclosure requir$ "u 
?is subsection is a description ( h[ !  

,f$]al aid relat$ to ,,covid-#ai receiv$
 by ! corporation is be+ us$ to support 
! corporation's employees4  7f7         
,disclosures ( f9ancial p]=mance on a   
c\ntry-by-,c\ntry basis  7#a7 ,9 g5]al  
,) respect to an accel]at$ fil]1 !      
disclosures requir$ "u ?is subsection   
are ! foll[+3 7,a7 ,con/itu5t entity    
in=mation ,in=mation on any con/itu5t   
entity ( ! corporation1 includ+ !       
foll[+3 7i7 ,! complete legal "n ( !    
con/itu5t entity4  7ii7 ,! tax          
jurisdiction1 if any1 9 :i* ! con/itu5t 
entity is resid5t = tax purposes4  7iii7
 ,! tax jurisdiction 9 :i* ! con/itu5t  
entity is organiz$ or incorporat$ 7if   
diff]5t f ! tax jurisdiction (          
resid5ce74  7iv7 ,! tax id5tification   
numb]1 if any1 us$ = ! con/itu5t entity 
by ! tax adm9i/ration ( ! con/itu5t     
entity's tax jurisdiction ( resid5ce4   
7v7 ,! ma9 bus9ess activity or          
activities ( ! con/itu5t entity4  7,b7  
,tax jurisdiction ,in=mation on ea* tax 
jurisdiction 9 :i* "o or m con/itu5t    

entities is resid5t1 pres5t$ z an       
aggregat$ or consolidat$ =m ( !         
in=mation = ! con/itu5t entities resid5t
 9 ea* tax jurisdiction1 includ+ !      
foll[+3 7i7 ,rev5ues g5]at$ f           
transactions ) o!r con/itu5t entities4  
7ii7 ,rev5ues n g5]at$ f transactions ) 
o!r con/itu5t entities4  7iii7 ,pr(it or
 loss be=e income tax4  7iv7 ,total     
income tax paid on a ca% basis to all   
tax jurisdictions4  7v7 ,total accru$   
tax exp5se record$ on taxable pr(its or 
losses4  7vi7 ,/at$ capital4  7vii7     
,total accumulat$ e>n+s4  7viii7 ,total 
numb] ( employees on a full-"t equival5t
 basis4  7ix7 ,net book value ( tangible
 assets1 :i*1 = purposes ( ?is section1 
does n include ca% or ca% equival5ts1   
intangibles1 or f9ancial assets4  7,c7  
,special rules ,! in=mation li/$ 9      
subp>agraph 7,b7 %all be provid$1 9     
aggregat$ or consolidat$ =m1 = any      
con/itu5t entity or entities t h no tax 
jurisdiction ( resid5ce4 ,9 addition1 if
 a con/itu5t entity is an own] ( a      

con/itu5t entity t does n h a           
jurisdiction ( tax resid5ce1 !n ! own]'s
 %>e ( su* entity's rev5ues & pr(its w  
be aggregat$ or consolidat$ ) !         
in=mation = ! own]'s tax jurisdiction ( 
resid5ce4  7#b7 ,def9itions ,9 ?is      
subsection-- 7,a7 ! t]m con/itu5t entity
 means1 ) respect to an accel]at$ fil]1 
any sep>ate bus9ess entity ( ! accel]at$
 fil]2 &  7,b7 ! t]m tax jurisdiction-- 
7i7 means a c\ntry or a jurisdiction t  
is n a c\ntry b t has fiscal autonomy2 &
  7ii7 includes a t]ritory or possession
 ( ! ,unit$ ,/ates t has fiscal         
autonomy4  #c4 ,p]man5t requirem5ts on  
all corporations receiv+ ,f$]al aid     
relat$ to ,,covid-#ai ,any corporation t
 receives ,f$]al aid relat$ to          
,,covid-#ai %all p]man5tly comply ) !   
foll[+3 7#a7 ,paid leave = work]s ,!    
corporation %all provide at lea/ #ad    
days ( paid leave to work]s :o-- 7,a7   
are unable to telework2  7,b7 ne$ to be 
isolat$ or qu>ant9$ to prev5t ! spread (
 ,,covid-#ai2 or  7,c7 ne$ "t (f to c>e 

= ! ne$s ( family memb]s4  7#b7 ,m9imum 
wage  7,a7 ,9 g5]al ,! corporation %all 
pay ea* employee 7includ+ full-"t1      
"p-"t1 & tipp$ employees7 ( !           
corporation a wage ( n less ?an #ae an  
h\r1 beg9n+ n lat] ?an ,janu>y #a1      
#bjba4  7,b7 ,s5se ( ,congress ,x is !  
s5se ( ! ,congress t ea* corporation    
describ$ "u subp>agraph 7,a7-- 7i7 %\ld 
meet ! m9imum wage requirem5ts describ$ 
"u subp>agraph 7,a7 be=e ,janu>y #a1    
#bjba1 if ! corporation is able2 &  7ii7
 %\ld ensure t o!r companies ) respect  
to :i* ! corporation contracts also pay 
_! employees ! m9imum wage describ$ "u  
subp>agraph 7,a74  7#c7 ,limitation on  
,,ceo & executive pay ,! corporation may
 n h a ,,ceo to m$ian work] pay ratio ( 
great] ?an #ej to #a & no (fic] or      
employee ( ! corporation may receiv$    
high] comp5sation ?an ! *ief executive  
(fic] 7or any equival5t position74  #d4 
,requirem5ts on all corporations receiv+
 ,f$]al aid relat$ to ,,covid-#ai until 
! end ( ! em]g5cy ,any corporation t    

receives ,f$]al aid relat$ to           
,,covid-#ai %all1 until ! ,,covid-#ai   
em]g5cy ends1 comply ) ! foll[+3 7#a7   
,work=ce levels & b5efits ,! corporation
 %all ma9ta9 at lea/ ! same work=ce     
levels & b5efits t exi/$ be=e !         
,,covid-#ai em]g5cy4  7#b7 ,ma9t5ance ( 
work] pay ,! corporation %all ma9ta9    
work] 7ei!r employee or contractor1     
full-"t or "p-"t7 pay ?r\gh\t ! entire  
duration ( ! ,,covid-#ai em]g5cy at or  
above ! pay level ! work] 0 e>n+ be=e ! 
em]g5cy4  7#c7 ,ma9t5ance ( collective  
b>ga9+ agreem5ts ,! corporation may n   
alt] any collective b>ga9+ agreem5t t 0 
9 place at ! beg9n+ ( ! ,,covid-#ai     
em]g5cy4  #e4 ,en=cem5t2 rulemak+ ,!    
,securities & ,ex*ange ,commission %all 
h ! au?ority to en=ce ?is ,act & may    
issue su* rules z may be necess>y to    
c>ry out ?is ,act4  #f4 ,sev]ability ,if
 any provision ( ?is ,act or !          
application ( su* provision to any p]son
 or circum/ance is held to be           
uncon/itutional1 ! rema9d] ( ?is ,act1 &

 ! application ( ! provisions ( ?is     
,act1 to any p]son or circum/ance %all n
 be affect$ !reby4  #g4 ,def9itions ,9  
?is ,act3 7#a7 ,accel]at$ fil] ,!       
,securities & ,ex*ange ,commission %all 
def9e ! t]m accel]at$ fil] = purposes ( 
?is ,act4  7#b7 ,,ceo to m$ian work] pay
 ratio ,) respect to an accel]at$ fil]1 
! t]m ,,ceo to m$ian work] pay ratio    
means ! ratio (-- 7,a7 ! annual total   
comp5sation1 includ+ sal>y1 equity1 &   
any o!r =m ( comp5sation ( ! *ief       
executive (fic] 7or any equival5t       
position7 ( ! corporation2 &  7,b7 !    
m$ian ( ! annual total comp5sation ( all
 employees ( ! corporation1 except !    
*ief executive (fic] 7or any equival5t  
position7 ( ! corporation4  7#c7        
,,covid-#ai em]g5cy ,! t]m ,,covid-#ai  
em]g5cy means ! p]iod beg9n+ on ! date (
 enactm5t ( ?is ,act & end+ on ! date on
 :i* ! ,securities & ,ex*ange           
,commission det]m9es t ! impact (       
,,covid-#ai on ! ,am]ican f9ancial sy/em
 has end$4  7#d7 ,f$]al aid ,! t]m      

,f$]al aid means any em]g5cy l5d+       
provid$ "u section #ac7c7 ( ! ,f$]al    
,res]ve ,act or any ,f$]al f9ancial     
support 9 ! =m ( a grant1 loan1 or loan 
gu>antee4  7#e7 ,s corporation ,! t]m ,s
 corporation has ! mean+ giv5 t t]m "u  
section #acfa7;a7 ( ! ,int]nal ,rev5ue  
,code ( #aihf4  7#f7 ,securities t]ms ,!
 t]ms national securities ex*ange &     
security h ! mean+ giv5 ^? t]ms1        
respectively1 "u section #c ( !         
,securities ,ex*ange ,act ( #aicd4