,,ii  #aafth ,,congress  #ast ,session  
,s4 #cfj  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,february #f1       
#bjai,mr4 ,menendez 7for himself1 ,ms4  
,harris1 and ,mr4 ,booker7 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 the  
submission by issuers of data relating  
to diversity1 and for other purposes4   
#a4 ,short title ,this ,act may be cited
 as the ,improving ,corporate           
,governance ,through ,diversity ,act of 
#bjai4  #b4 ,submission of data relating
 to diversity by issuers ,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   
,submission of data relating to         
diversity  7#a7 ,definitions ,in this   
subsection-- 7,a7 the term executive    
officer has the meaning given the term  
in section #bcj4eja of title #ag1 ,code 

of ,federal ,regulations1 as in effect  
on the date of enactment of this        
subsection2 and  7,b7 the term veteran  
has the meaning given the term in       
section #aja of title #ch1 ,united      
,states ,code4  7#b7 ,submission of     
disclosure ,each issuer required to file
 an annual report under subsection 7a7  
shall disclose in any proxy statement   
relating to the election of directors1  
and in any information statement that so
 relates1 that is filed with the        
,commission the following3  7,a7 ,data1 
based on voluntary self-identification1 
on the racial1 ethnic1 and gender       
composition of-- 7i7 the board of       
directors of the issuer2  7ii7 nominees 
for the board of directors of the       
issuer2 and  7iii7 the executive        
officers of the issuer4  7,b7 ,the      
status1 based on voluntary              
self-identification1 of any member of   
the board of directors of the issuer1   
any nominee for the board of directors  
of the issuer1 or any executive officer 

of the issuer as a veteran4  7,c7       
,whether the board of directors of the  
issuer1 or any committee of that board  
of directors1 has1 as of the date on    
which the issuer makes a disclosure     
under this paragraph1 adopted any       
policy1 plan1 or strategy to promote    
racial1 ethnic1 and gender diversity    
among--  7i7 the board of directors of  
the issuer2  7ii7 nominees for the board
 of directors of the issuer2 or  7iii7  
the executive officers of the issuer4   
7#c7 ,alternative submission ,in any    
#a-year period in which an issuer       
required to file an annual report under 
subsection 7a7 does not file with the   
,commission a proxy statement or        
information statement described in      
paragraph 7#b71 the issuer shall        
disclose the information required under 
that paragraph in the first annual      
report of the issuer that the issuer    
submits to the ,commission after the end
 of that #a-year period4  7#d7 ,best    
practices  7,a7 ,in general ,not later  

than #c years after the date of         
enactment of this subsection1 and once  
every #c years thereafter1 the ,director
 of the ,office of ,minority and ,women 
,inclusion of the ,commission 7referred 
to in this paragraph as the ,director71 
in consultation with the advisory       
council established under subparagraph  
7,c71 shall publish best practices with 
respect to compliance with this         
subsection4  7,b7 ,comments ,the        
,director may1 pursuant to subchapter   
,,ii of chapter #e of title #e1 ,united 
,states ,code1 solicit public comments  
relating to the best practices published
 under subparagraph 7,a74  7,c7         
,advisory council ,the ,director shall1 
in accordance with the ,federal         
,advisory ,committee ,act 7#e ,u4,s4,c4 
,app471 establish an advisory council   
that shall--  7i7 include issuers and   
investors2 and  7ii7 advise the         
,director with respect to the best      
practices published under subparagraph  
7,a74  4