,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #ccfa  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,febru>y #bg1 #bjbj,mr4
 ,w>n] introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,securities ,ex*ange 
,act ( #aicd to require issu]s to       
disclose to ! ,securities & ,ex*ange    
,commission in=mation reg>d+ human      
capital managem5t policies1 practices1 &
 p]=mance1 & = o!r purposes4  #a4 ,%ort 
title ,?is ,act may be cit$ z ! ,work=ce
 ,inve/m5t ,disclosure ,act ( #bjbj4    
#b4 ,disclosures relat$ to human capital
 managem5t ,section #ac ( ! ,securities 
,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4    
#ghm7 is am5d$ by add+ at ! end !       
foll[+3  7s7 ,disclosures relat+ to     
human capital managem5t  7#a7 ,9 g5]al  
,ea* issu] requir$ to file an annual    
report "u subsection 7a7 %all disclose 9
 t report in=mation ab\t human capital  
managem5t policies1 practices1 &        
p]=mance ) respect to ! issu]4  7#b7    

,rules ,n lat] ?an #bgj days aft] ! date
 ( enactm5t ( ?is subsection1 !         
,commission %all issue f9al rules to    
c>ry out p>agraph 7#a71 :i* %all require
 disclosure ( ! foll[+ ) respect to an  
issu] describ$ 9 t p>agraph3 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+ racial1 e?nic1 & 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 heal? & 
safety1 includ+ in=mation ab\t-- 7i7 !  
frequ5cy1 sev]ity1 & lo/ "t due to      
injuries1 illness1 & fatalities2  7ii7 !
 total doll> value ( assess$ f9es "u !  
,occupational ,safety & ,heal? ,act (   
#aigj 7#bi ,u4,s4,c4 #fea et seq472     
7iii7 ! total numb] ( actions br\ght "u 
section #ac ( ! ,occupational ,safety & 
,heal? ,act ( #aigj 7#bi ,u4,s4,c4 #ffb7
 to prev5t imm95t dang]s2 &  7iv7 !     
total numb] ( actions br\ght aga9/ !    
issu] "u section #aa7;c7 ( !            
,occupational ,safety & ,heal? ,act (   
#aigj 7#bi ,u4,s4,c4 #ffj7;c774  7,f7   
,work=ce comp5sation & inc5tives1       
includ+ in=mation ab\t-- 7i7 total      
work=ce comp5sation1 includ+            
disaggregat$ in=mation ab\t comp5sation 
= full-"t1 "p-"t1 & cont+5t work]s2     
7ii7 policies & practices ab\t h[       
p]=mance1 productivity1 & su/a9ability  
are consid]$ :5 sett+ pay & mak+        
promotion decisions2 &  7iii7 policies &

 practices relat+ to any inc5tives &    
bonuses provid$ to employees bel[ ! nam$
 executive level & any policies or      
practices design$ to c\nt] any risks    
creat$ by su* inc5tives & bonuses4  7,g7
 ,work=ce recruit+ & ne$s1 includ+ !    
numb] ( new jobs creat$1 ! work]        
classification ( new jobs1 & ! new hire 
ret5tion rate4  7#c7 ,treatm5t ( em]g+  
gr[? companies ,! ,commission may exempt
 em]g+ gr[? companies f any disclosure  
requir$ "u subp>agraph 7,d71 7,e71 7,f71
 or 7,g7 ( p>agraph 7#b71 if !          
,commission det]m9es t su* an exemption 
is necess>y or appropriate 9 ! public   
int]e/ or = ! protection ( inve/ors4  4 
#c4 ,back/op  7a7 ,def9itions ,9 ?is    
section-- 7#a7 ! t]m ,commission means !
 ,securities & ,ex*ange ,commission2    
7#b7 ! t]m cov]$ issu] means an issu] t 
is requir$ to file an annual report "u  
section #ac7;a7 ( ! ,securities ,ex*ange
 ,act ( #aicd 7#ae ,u4,s4,c4 #ghm7a772 &
  7#c7 ! t]m issu] has ! mean+ giv5 !   
t]m 9 section #c7;a7 ( ! ,securities    

,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4    
#gh;c7a774  7b7 ,compliance ,if1 z ( !  
date t is #b ye>s aft] ! date ( enactm5t
 ( ?is ,act1 ! ,commission has n issu$ !
 rules requir$ "u subsection 7s77#b7 (  
section #ac ( ! ,securities ,ex*ange    
,act ( #aicd 7#ae ,u4,s4,c4 #ghm71 z    
add$ by section #b ( ?is ,act1 a cov]$  
issu]1 dur+ ! p]iod beg9n+ on t date &  
end+ on ! date on :i* ! ,commission     
issues ^? rules1 %all be deem$ to be 9  
compliance ) subsection 7s7 ( su*       
section #ac if disclosures set =? 9 !   
annual report ( ! cov]$ issu] satisfy ! 
public disclosure /&>ds ( !             
,int]national ,organization =           
,/&>dization's ,,iso #cjdad1 or any     
successor /&>ds = ext]nal human capital 
report+1 z supplem5t$ or adju/$ by      
rules1 guidance1 or o!r comm5ts f !     
,commission4  #d4 ,,sec /udy  7a7       
,def9itions ,9 ?is section1 ! t]ms      
,commission & issu] h ! mean+s giv5 ^?  
t]ms 9 section #c7;a74  7b7 ,/udy ,!    
,commission %all conduct a /udy ab\t !  

value to inve/ors (-- 7#a7 in=mation    
ab\t ! human rights commitm5ts ( issu]s 
requir$ to file annual reports "u       
section #ac7;a7 ( ! ,securities ,ex*ange
 ,act ( #aicd 7#ae ,u4,s4,c4 #ghm7a771  
includ+ in=mation ab\t any pr9ciples us$
 to evaluate risk1 con/itu5cy           
consultation processes1 & suppli] due   
dilig5ce2  7#b7 ) respect to issu]s     
requir$ to file annual reports "u       
section #ac7;a7 ( ! ,securities ,ex*ange
 ,act ( #aicd 7#ae ,u4,s4,c4 #ghm7a771  
in=mation ab\t-- 7,a7 violations ( !    
,fair ,labor ,/&>ds ,act ( #aich 7#bi   
,u4,s4,c4 #bja et seq47 by ^? issu]s2 & 
7,b7 work=ce culture & emp[]m5t1 includ+
 in=mation ab\t-- 7i7 policies &        
practices ( ea* su* issu] relat+ to     
fre$om ( association & "w-life balance  
initiatives2  7ii7 any incid5ts ( v]ifi$
 workplace h>assm5t 9 ! previ\s #e      
fiscal ye>s ( ea* su* issu]2 &  7iii7 ! 
policies & practices ( ea* su* issu]    
relat+ to employee engagem5t &          
psy*ological wellbe+1 includ+ managem5t 

discussion reg>d+-- 7,i7 ! creation ( a 
culture ( lifelong le>n+2  7,,ii7 fo/]+ 
a s5se ( purpose 9 ! work=ce2  7,,iii7  
tru/ 9 managem5t2 &  7,,iv7 a           
supportive1 fair1 & con/ructive         
workplace2  7#c7 disaggregat+ !         
in=mation requir$ to be disclos$ "u     
subsection 7s7 ( section #ac ( !        
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #ghm71 z add$ by section #b ( 
?is ,act1 bas$ on relevant work=ce      
subgr\ps1 includ+-- 7,a7 full-"t        
employees2  7,b7 "p-"t employees2  7,c7 
cont+5t work]s2 &  7,d7 company         
managem5t2 &  7#d7 surveys reg>d+       
employee satisfaction & engagem5t4  7c7 
,report ,n lat] ?an #a ye> aft] ! date (
 enactm5t ( ?is ,act1 ! ,commission %all
 submit to ,congress a report t conta9s 
! results ( ! /udy requir$ to be        
conduct$ "u subsection 7b74