,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #cfj  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,febru>y #f1 #bjai,mr4 
,m55dez 7= himself1 ,ms4 ,h>ris1 & ,mr4 
,book]7 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 ! submission by 
issu]s ( data relat+ to div]sity1 & =   
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,improv+ ,corporate    
,gov]nance ,?r\gh ,div]sity ,act (      
#bjai4  #b4 ,submission ( data relat+ to
 div]sity by issu]s ,section #ac ( !    
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #ghm7 is am5d$ by add+ at !   
end ! foll[+3  7s7 ,submission ( data   
relat+ to div]sity  7#a7 ,def9itions ,9 
?is subsection-- 7,a7 ! t]m executive   
(fic] has ! mean+ giv5 ! t]m 9 section  
#bcj4eja ( title #ag1 ,code ( ,f$]al    
,regulations1 z 9 effect on ! date (    
enactm5t ( ?is subsection2 &  7,b7 ! t]m
 vet]an has ! mean+ giv5 ! t]m 9 section

 #aja ( title #ch1 ,unit$ ,/ates ,code4 
7#b7 ,submission ( disclosure ,ea* issu]
 requir$ to file an annual report "u    
subsection 7a7 %all disclose 9 any proxy
 /atem5t relat+ to ! election (         
directors1 & 9 any in=mation /atem5t t s
 relates1 t is fil$ ) ! ,commission !   
foll[+3  7,a7 ,data1 bas$ on volunt>y   
self-id5tification1 on ! racial1 e?nic1 
& g5d] composition (-- 7i7 ! bo>d (     
directors ( ! issu]2  7ii7 nom9ees = !  
bo>d ( directors ( ! issu]2 &  7iii7 !  
executive (fic]s ( ! issu]4  7,b7 ,!    
/atus1 bas$ on volunt>y                 
self-id5tification1 ( any memb] ( ! bo>d
 ( directors ( ! issu]1 any nom9ee = !  
bo>d ( directors ( ! issu]1 or any      
executive (fic] ( ! issu] z a vet]an4   
7,c7 ,:e!r ! bo>d ( directors ( ! issu]1
 or any committee ( t bo>d ( directors1 
has1 z ( ! date on :i* ! issu] makes a  
disclosure "u ?is p>agraph1 adopt$ any  
policy1 plan1 or /rategy to promote     
racial1 e?nic1 & g5d] div]sity among--  
7i7 ! bo>d ( directors ( ! issu]2  7ii7 

nom9ees = ! bo>d ( directors ( ! issu]2 
or  7iii7 ! executive (fic]s ( ! issu]4 
7#c7 ,alt]native submission ,9 any      
#a-ye> p]iod 9 :i* an issu] requir$ to  
file an annual report "u subsection 7a7 
does n file ) ! ,commission a proxy     
/atem5t or in=mation /atem5t describ$ 9 
p>agraph 7#b71 ! issu] %all disclose !  
in=mation requir$ "u t p>agraph 9 ! fir/
 annual report ( ! issu] t ! issu]      
submits to ! ,commission aft] ! end ( t 
#a-ye> p]iod4  7#d7 ,be/ practices  7,a7
 ,9 g5]al ,n lat] ?an #c ye>s aft] !    
date ( enactm5t ( ?is subsection1 & once
 e #c ye>s !reaft]1 ! ,director ( !     
,(fice ( ,m9ority & ,wom5 ,inclusion ( !
 ,commission 7ref]r$ to 9 ?is p>agraph z
 ! ,director71 9 consultation ) !       
advisory c\ncil e/abli%$ "u subp>agraph 
7,c71 %all publi% be/ practices )       
respect to compliance ) ?is subsection4 
7,b7 ,comm5ts ,! ,director may1 pursuant
 to sub*apt] ,,ii ( *apt] #e ( title #e1
 ,unit$ ,/ates ,code1 solicit public    
comm5ts relat+ to ! be/ practices       

publi%$ "u subp>agraph 7,a74  7,c7      
,advisory c\ncil ,! ,director %all1 9   
accordance ) ! ,f$]al ,advisory         
,committee ,act 7#e ,u4,s4,c4 ,app471   
e/abli% an advisory c\ncil t %all--  7i7
 include issu]s & inve/ors2 &  7ii7     
advise ! ,director ) respect to ! be/   
practices publi%$ "u subp>agraph 7,a74  
4