,,ii  #aafth ,,congress  #b;d ,session  
,s4 #ccfa  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,february #bg1 
#bjbj,mr4 ,warner introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to amend the ,securities       
,exchange ,act of #aicd to require      
issuers to disclose to the ,securities  
and ,exchange ,commission information   
regarding human capital management      
policies1 practices1 and performance1   
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 relating 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 performance with respect to the     
issuer4  7#b7 ,rules ,not later than    
#bgj days after the date of enactment of
 this subsection1 the ,commission shall 
issue final rules to carry out paragraph
 7#a71 which shall require disclosure of
 the following with respect to an issuer
 described in that paragraph3 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 rate1 the      
internal hiring rate1 and the internal  
promotion rate4  7,c7 ,workforce        
composition1 including data on diversity

 7including racial1 ethnic1 and gender  
composition7 and any policies and audits
 relating to diversity4  7,d7 ,workforce
 skills and capabilities1 including     
information about training of employees 
7including the average number of hours  
of training and spending on training per
 employee per year71 skills gaps1 and   
alignment of skills and capabilities    
with business strategy4  7,e7 ,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 #aigj 7#bi ,u4,s4,c4    
#fea et seq472  7iii7 the total number  
of actions brought under section #ac of 
the ,occupational ,safety and ,health   
,act of #aigj 7#bi ,u4,s4,c4 #ffb7 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 #aigj 7#bi ,u4,s4,c4 #ffj7;c774  7,f7
 ,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 created by
 such incentives and bonuses4  7,g7     
,workforce recruiting and needs1        
including the number of new jobs        
created1 the worker classification of   
new jobs1 and the new hire retention    
rate4  7#c7 ,treatment of emerging      
growth companies ,the ,commission may   
exempt emerging growth companies from   
any disclosure required under           

subparagraph 7,d71 7,e71 7,f71 or 7,g7  
of paragraph 7#b71 if the ,commission   
determines that such an exemption is    
necessary or appropriate in the public  
interest or for the protection of       
investors4  4  #c4 ,backstop  7a7       
,definitions ,in this section-- 7#a7 the
 term ,commission means the ,securities 
and ,exchange ,commission2  7#b7 the    
term covered issuer means an issuer that
 is required to file an annual report   
under section #ac7;a7 of the ,securities
 ,exchange ,act of #aicd 7#ae ,u4,s4,c4 
#ghm7a772 and  7#c7 the term issuer has 
the meaning given the term in section   
#c7;a7 of the ,securities ,exchange ,act
 of #aicd 7#ae ,u4,s4,c4 #gh;c7a774  7b7
 ,compliance ,if1 as of the date that is
 #b years after the date of enactment of
 this ,act1 the ,commission has not     
issued the rules required under         
subsection 7s77#b7 of section #ac of the
 ,securities ,exchange ,act of #aicd    
7#ae ,u4,s4,c4 #ghm71 as added by       
section #b of this ,act1 a covered      

issuer1 during the period beginning on  
that date and ending on the date on     
which the ,commission issues those      
rules1 shall be deemed to be in         
compliance with subsection 7s7 of such  
section #ac if disclosures set forth in 
the annual report of the covered issuer 
satisfy the public disclosure standards 
of the ,international ,organization for 
,standardization's ,,iso #cjdad1 or any 
successor standards for external human  
capital reporting1 as supplemented or   
adjusted by rules1 guidance1 or other   
comments from the ,commission4  #d4     
,,sec study  7a7 ,definitions ,in this  
section1 the terms ,commission and      
issuer have the meanings given those    
terms in section #c7;a74  7b7 ,study    
,the ,commission shall conduct a study  
about the value to investors of-- 7#a7  
information about the human rights      
commitments of issuers required to file 
annual reports under section #ac7;a7 of 
the ,securities ,exchange ,act of #aicd 
7#ae ,u4,s4,c4 #ghm7a771 including      

information about any principles used to
 evaluate risk1 constituency            
consultation processes1 and supplier due
 diligence2  7#b7 with respect to       
issuers required to file annual reports 
under section #ac7;a7 of the ,securities
 ,exchange ,act of #aicd 7#ae ,u4,s4,c4 
#ghm7a771 information about-- 7,a7      
violations of the ,fair ,labor          
,standards ,act of #aich 7#bi ,u4,s4,c4 
#bja et seq47 by those issuers2 and     
7,b7 workforce culture and empowerment1 
including information about-- 7i7       
policies and practices of each such     
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 each such   
issuer2 and  7iii7 the policies and     
practices of each such issuer relating  
to employee engagement and psychological
 wellbeing1 including management        
discussion regarding-- 7,i7 the creation
 of a culture of lifelong learning2     

7,,ii7 fostering a sense of purpose in  
the workforce2  7,,iii7 trust in        
management2 and  7,,iv7 a supportive1   
fair1 and constructive workplace2  7#c7 
disaggregating the information required 
to be disclosed under subsection 7s7 of 
section #ac of the ,securities ,exchange
 ,act of #aicd 7#ae ,u4,s4,c4 #ghm71 as 
added by section #b of this ,act1 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   
7c7 ,report ,not later than #a year     
after the date of enactment of this     
,act1 the ,commission shall submit to   
,congress a report that contains the    
results of the study required to be     
conducted under subsection 7b74