,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #cjgh  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,may #b1 #bjbc,ms4    
,williams ( ,georgia 7= h]self1 ,ms4    
,norton1 ,ms4 ,jayapal1 ,ms4 ,tlaib1    
,mrs4 ,watson ,coleman1 ,ms4 ,cl>ke (   
,new ,york1 ,ms4 ,b>ragn1 ,ms4          
,kamlag]-,dove1 & ,ms4 ,sewell7         
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to am5d ! ,securities ,ex*ange 
,act ( #aicd to require disclosure (    
paym5ts = settlem5ts ( disputes reg>d+  
sexual abuse & c]ta9 types ( h>assm5t & 
discrim9ation1 & = o!r purposes4  #a4   
,%ort title ,?is ,act may be cit$ z !   
,sunlight 9 ,workplace ,h>assm5t ,act4  
#b4 ,disclosure ( paym5ts = settlem5ts (
 disputes reg>d+ sexual abuse & c]ta9   
types ( h>assm5t & discrim9ation        
,section #ac ( ! ,securities ,ex*ange   
,act ( #aicd 7#ae ,u4,s4,c4 #ghm7 is    
am5d$ by add+ at ! end ! foll[+3  7t7   
,disclosure ( c]ta9 activities reg>d+   
settlem5ts ( disputes relat+ to sexual  

abuse & c]ta9 types ( h>assm5t or       
discrim9ation  7#a7 ,def9itions ,9 ?is  
subsection-- 7,a7 ! t]m cov]$           
discrim9ation means-- 7i7 discrim9ation 
describ$ 9 any ( clauses 7i7 ?r\gh 7vi7 
( subp>agraph 7,b72 or  7ii7 7,i7 a     
violation ( section #gjd7;a7 ( ! ,civil 
,rights ,act ( #aifd 7#db ,u4,s4,c4     
#bjjj;e-#c7;a77 t is relat$ to          
discrim9ation describ$ 9 subp>agraph    
7,b77i7 or 7,b77vi77,i72  7,,ii7 a      
violation ( section #d7;d7 ( ! ,age     
,discrim9ation 9 ,employm5t ,act ( #aifg
 7#bi ,u4,s4,c4 #fbc7;d77 t is relat$ to
 discrim9ation describ$ 9 subp>agraph   
7,b77ii72  7,,iii7 a violation (        
subsection 7a7 or 7b7 ( section #ejc ( !
 ,am]icans ) ,disabilities ,act ( #aiij 
7#db ,u4,s4,c4 #abbjc7 t is relat$ to   
discrim9ation describ$ 9 subp>agraph    
7,b77iii72  7,,iv7 a violation ( section
 #bjg7;f7 ( ! ,g5etic ,in=mation        
,nondiscrim9ation ,act ( #bjjh 7#db     
,u4,s4,c4 #bjjj;ff-#f7;f77 t is relat$  
to discrim9ation describ$ 9 subp>agraph 

7,b77iv72  7,v7 a violation ( section   
#dcaa7;b7 ( title #ch1 ,unit$ ,/ates    
,code1 t is relat$ to discrim9ation     
describ$ 9 subp>agraph 7,b77v72 &       
7,,vi7 a violation ( section            
#djjjb7;b77#ac77;,a7 ( ! ,viol5ce ,aga9/
 ,wom5 ,act ( #aiid 7#cd ,u4,s4,c4      
#abbia7;b77#ac77;,a77 t-- 7aa7 may cov] 
retaliation describ$ 9 a provision      
specifi$ 9 any ( subclauses 7,i7 ?r\gh  
7,v72 &  7bb7 is relat$ to discrim9ation
 describ$ 9 subp>agraph 7,b77vi77,,ii72 
7,b7 ! t]m cov]$ h>assm5t means h>assm5t
 t is-- 7i7 discrim9ation because ( a   
*>act]i/ic consi/+ ( race1 color1       
religion1 sex1 sexual ori5tation1 g5d]  
id5tity1 or national orig91 :e!r !      
*>act]i/ic is actual or p]ceiv$1 "u     
title ,,vii ( ! ,civil ,rights ,act (   
#aifd 7#db ,u4,s4,c4 #bjjj;e et seq472  
7ii7 discrim9ation because ( actual or  
p]ceiv$ age "u ! ,age ,discrim9ation 9  
,employm5t ,act ( #aifg 7#bi ,u4,s4,c4  
#fba et seq472  7iii7 discrim9ation on !
 basis ( actual or p]ceiv$ disability   

"u-- 7,i7 title ,i ( ! ,am]icans )      
,disabilities ,act ( #aiij 7#db         
,u4,s4,c4 #abaaa et seq472 or  7,,ii7   
section #eja ( ! ,rehabilitation ,act ( 
#aigc 7#bi ,u4,s4,c4 #gia72  7iv7       
discrim9ation because ( actual or       
p]ceiv$ g5etic in=mation "u title ,,ii (
 ! ,g5etic ,in=mation ,nondiscrim9ation 
,act ( #bjjh 7#db ,u4,s4,c4 #bjjj;ff et 
seq472  7v7 discrim9ation on ! basis (  
actual or p]ceiv$ /atus conc]n+ s]vice 9
 a uni=m$ s]vice "u section #dcaa7;a7 ( 
title #ch1 ,unit$ ,/ates ,code2 or  7vi7
 discrim9ation because ( a *>act]i/ic   
consi/+ ( sexual ori5tation or g5d]     
id5tity1 :e!r ! *>act]i/ic is actual or 
p]ceiv$1 "u section #djjjb7;b77#ac77;,a7
 ( ! ,viol5ce ,aga9/ ,wom5 ,act ( #aiid 
7#cd ,u4,s4,c4 #abbia7;b77#ac77;,a772   
7,c7 ! t]m cov]$ issu] means an issu] t 
is requir$ to file ,=m #aj-,k2  7,d7 !  
t]m ,=m #aj-,k means ! =m describ$ 9    
section #bdi4caj ( title #ag1 ,code (   
,f$]al ,regulations1 z 9 effect on !    
date ( enactm5t ( ?is subsection2  7,e7 

! t]m g5d] id5tity means a *>act]i/ic   
consi/+ ( ! g5d]-relat$ id5tity1        
appe>ance1 mann]isms1 or o!r g5d]-relat$
 *>act]i/ics ( an individual1 :e!r !    
*>act]i/ic is actual or p]ceiv$1        
reg>dless ( ! designat$ sex ( !         
individual at bir?2  7,f7 ! t]m judgm5t 
means1 ) respect to an issu]1 a judgm5t 
ent]$ aga9/ ! issu]1 :e!r impos$ by a   
c\rt or ?r\gh arbitration2  7,g7 ! t]m  
settlem5t means any commitm5t or        
agreem5t-- 7i7 )\t reg>d to :e!r !      
commitm5t or agreem5t1 z applicable1 is 
9 writ+2 &  7ii7 "u :i* an issu]        
directly or indirectly-- 7,i7 provides  
to an individual comp5sation or o!r     
consid]ation because ( an allegation t !
 individual has be5 a victim ( cov]$    
h>assm5t1 cov]$ discrim9ation1 or sexual
 abuse2 or  7,,ii7 e/abli%es conditions 
t affect ! t]ms ( ! employm5t1 includ+  
by t]m9at+ ! employm5t1 ( ! individual )
 ! issu]-- 7aa7 because ( ! exp]i5ce ( !
 individual )1 or ! p>ticipation ( !    
individual 91 an alleg$ act ( cov]$     

h>assm5t1 cov]$ discrim9ation1 or sexual
 abuse2 &  7bb7 9 ex*ange = :i* !       
individual agrees or commits n to--     
7,,aa7 br+ legal1 adm9i/rative1 or any  
o!r type ( action aga9/ ! issu]2 or     
7,,bb7 publicly disclose1 = a p]iod ( "t
 ( any l5g?1 any portion ( ! alleg$ act 
describ$ 9 item 7aa7 on :i* ! commitm5t 
or agreem5t1 z applicable1 is bas$2     
7,h7 ! t]m sexual abuse means a         
noncons5sual sexual act or sexual       
contact1 z su* t]ms are def9$ 9 section 
#bbdf ( title #ah1 ,unit$ ,/ates ,code1 
or simil> applicable ,tribal or ,/ate   
law1 includ+ su* an act or contact 9 a  
circum/ance 9 :i* ! victim lacks        
capacity to cons5t2 &  7,i7 ! t]m sexual
 ori5tation means a *>act]i/ic consi/+ (
 homosexuality1 het]osexuality1 or      
bisexuality1 :e!r ! *>act]i/ic is actual
 or p]ceiv$4  7#b7 ,disclosure          
requirem5ts  7,a7 ,9 g5]al ,beg9n+ 9 !  
fir/ fiscal ye> t beg9s aft] ! date (   
enactm5t ( ?is subsection1 ea* cov]$    
issu] %all disclose annually on ,=m     

#aj-,k1 to %>ehold]s ( ! cov]$ issu]1 & 
to ! public-- 7i7 = ! "t p]iods1 & 9 !  
mann]1 describ$ 9 subp>agraph 7,b7--    
7,i7 ! total numb] ( settlem5ts ent]$   
into by ! cov]$ issu]1 a subsidi>y1     
contractor1 or subcontractor ( ! cov]$  
issu]1 or a corporate executive ( !     
cov]$ issu] t relate to any alleg$ act (
 sexual abuse1 cov]$ h>assm5t1 or cov]$ 
discrim9ation t-- 7aa7 occurr$ 9 !      
workplace ( ! cov]$ issu] or a          
subsidi>y1 contractor1 or subcontractor 
( ! cov]$ issu]2 or  7bb7 involves !    
behavior ( an employee ( ! cov]$ issu]1 
or ( a subsidi>y1 contractor1 or        
subcontractor ( ! cov]$ issu]1 t[>d     
ano!r su* employee1 )\t reg>d to :e!r t 
behavior occurr$ 9 ! workplace ( ! cov]$
 issu] or ! subsidi>y1 contractor1 or   
subcontractor1 z applicable2  7,,ii7 !  
total doll> am\nt paid ) respect to !   
settlem5ts describ$ 9 subclause 7,i72   
7,,iii7 ! total numb] ( settlem5ts ent]$
 into by ! cov]$ issu]1 a subsidi>y1    
contractor1 or subcontractor ( ! cov]$  

issu]1 or a corporate executive ( !     
cov]$ issu] t relate to any alleg$ act (
 sexual abuse1 cov]$ h>assm5t1 or cov]$ 
discrim9ation t-- 7aa7 0 committ$ by a  
corporate executive (-- 7,,aa7 ! cov]$  
issu]2 or 7,,bb7 a subsidi>y1           
contractor1 or subcontractor ( ! cov]$  
issu]2 &  7bb7 7,,aa7 occurr$ 9 !       
workplace ( ! cov]$ issu] or a          
subsidi>y1 contractor1 or subcontractor 
( ! cov]$ issu]1 z applicable2 or 7,,bb7
 involv$ ! behavior ( a corporate       
executive describ$ 9 item 7aa7 t[>d     
ano!r employee ( ! cov]$ issu] or a     
subsidi>y1 contractor1 or subcontractor 
( ! cov]$ issu]1 z applicable1 )\t reg>d
 to :e!r t behavior occurr$ 9 !         
workplace ( ! cov]$ issu] or a          
subsidi>y1 contractor1 or subcontractor 
( ! cov]$ issu]2  7,,iv7 ! total doll>  
am\nt ) respect to ! settlem5ts describ$
 9 subclause 7,,iii72  7,v7 ! av]age    
l5g? ( "t requir$ = ! cov]$ issu] to    
resolve a compla9t relat+ to an alleg$  
act ( cov]$ discrim9ation1 cov]$        

h>assm5t1 or sexual abuse2  7,,vi7 !    
total numb] ( judgm5ts ent]$ aga9/ !    
cov]$ issu]1 a subsidi>y1 contractor1 or
 subcontractor ( ! cov]$ issu]1 or a    
corporate executive ( ! cov]$ issu] t   
relate to any alleg$ act ( sexual abuse1
 cov]$ h>assm5t1 or cov]$ discrim9ation 
t-- 7aa7 occurr$ 9 ! workplace ( ! cov]$
 issu] or a subsidi>y1 contractor1 or   
subcontractor ( ! cov]$ issu]2 or  7bb7 
involves ! behavior ( an employee ( !   
cov]$ issu]1 or a subsidi>y1 contractor1
 or subcontractor ( ! cov]$ issu]1 t[>d 
ano!r su* employee1 )\t reg>d to :e!r t 
behavior occurr$ 9 ! workplace ( ! cov]$
 issu] or ! subsidi>y1 contractor1 or   
subcontractor1 z applicable2  7,,vii7 ! 
total doll> am\nt paid ) respect to !   
judgm5ts describ$ 9 subclause 7,,vi72   
7,,viii7 ! total numb] ( judgm5ts ent]$ 
aga9/ ! cov]$ issu]1 a subsidi>y1       
contractor1 or subcontractor ( ! cov]$  
issu]1 or a corporate executive ( !     
cov]$ issu] t relate to any alleg$ act (
 sexual abuse1 cov]$ h>assm5t1 or cov]$ 

discrim9ation t-- 7aa7 0 committ$ by a  
corporate executive (-- 7,,aa7 ! cov]$  
issu]2 or 7,,bb7 a subsidi>y1           
contractor1 or subcontractor ( ! cov]$  
issu]2 &  7bb7 7,,aa7 occurr$ 9 !       
workplace ( ! cov]$ issu] or a          
subsidi>y1 contractor1 or subcontractor 
( ! cov]$ issu]1 z applicable2 or 7,,bb7
 involv$ ! behavior ( a corporate       
executive describ$ 9 item 7aa7 t[>d     
ano!r employee ( ! cov]$ issu] or a     
subsidi>y1 contractor1 or subcontractor 
( ! cov]$ issu]1 z applicable1 )\t reg>d
 to :e!r t behavior occurr$ 9 !         
workplace ( ! cov]$ issu] or a          
subsidi>y1 contractor1 or subcontractor 
( ! cov]$ issu]2 &  7,,ix7 ! total doll>
 am\nt ) respect to ! judgm5ts describ$ 
9 subclause 7,,viii72  7ii7 z ( ! date  
on :i* ! disclosure is made1 ! total    
numb] ( compla9ts relat+ to cov]$       
discrim9ation1 cov]$ h>assm5t1 & sexual 
abuse t ! cov]$ issu] is work+ to       
resolve ?r\gh-- 7,i7 processes t are    
int]nal to ! cov]$ issu]2  7,,ii7       

arbitration2 &  7,,iii7 litigation2 &   
7iii7 ) respect to ea* alleg$ act (     
cov]$ discrim9ation1 cov]$ h>assm5t1 or 
sexual abuse t is ! subject ( a compla9t
 or settlem5t describ$ 9 clauses 7i7 &  
7ii71 ! date on :i* t alleg$ act        
occurr$1 ) z mu* specificity z is       
practicable "u ! circum/ances4  7,b7    
,categories  7i7 ,9 g5]al ,subject to   
subp>agraph 7,c71 9 ea* disclosure      
requir$ "u subp>agraph 7,a71 a cov]$    
issu] %all report ! foll[+3 7,i7 ,= !   
fiscal ye> t is ! subject ( t           
disclosure1 ! foll[+3 7aa7 ,! total     
numb] ( settlem5ts 9 subclauses 7,i7 &  
7,,iii7 ( subp>agraph 7,a77i71 9 !      
aggregate4  7bb7 ,! total doll> am\nts 9
 subclauses 7,,ii7 & 7,,iv7 (           
subp>agraph 7,a77i71 9 ! aggregate4     
7cc7 ,! numb] ( settlem5ts 9 subclauses 
7,i7 & 7,,iii7 ( subp>agraph 7,a77i71   
individually4  7dd7 ,! doll> am\nts 9   
subclauses 7,,ii7 & 7,,iv7 ( subp>agraph
 7,a77i71 individually4  7ee7 ,! total  
numb] ( judgm5ts 9 subclauses 7,,vi7 &  

7,,viii7 ( subp>agraph 7,a77i71 9 !     
aggregate4  7ff7 ,! total doll> am\nts 9
 subclauses 7,,vii7 & 7,,ix7 (          
subp>agraph 7,a77i71 9 ! aggregate4     
7gg7 ,! numb] ( judgm5ts 9 subclauses   
7,,vi7 & 7,,viii7 ( subp>agraph 7,a77i71
 individually4  7hh7 ,! doll> am\nts 9  
subclauses 7,,vii7 & 7,,ix7 (           
subp>agraph 7,a77i71 individually4      
7,,ii7 ,= ! #g-;fiscal ye> p]iod t is   
compris$ ( ! fiscal ye> t is ! subject (
 t disclosure & ! #f fiscal ye>s t      
prec$e t fiscal ye>1 ! foll[+3 7aa7 ,!  
total numb] ( settlem5ts 9 subclauses   
7,i7 & 7,,iii7 ( subp>agraph 7,a77i71 9 
! aggregate4  7bb7 ,! total doll> am\nts
 9 subclauses 7,,ii7 & 7,,iv7 (         
subp>agraph 7,a77i71 9 ! aggregate4     
7cc7 ,! total numb] ( judgm5ts 9        
subclauses 7,,vi7 & 7,,viii7 (          
subp>agraph 7,a77i71 9 ! aggregate4     
7dd7 ,! total doll> am\nts 9 subclauses 
7,,vii7 & 7,,ix7 ( subp>agraph 7,a77i71 
9 ! aggregate4  7ii7 ,li/+ ,9 disclos+  
in=mation 9 ! mann] describ$ 9 clause   

7i71 a cov]$ issu] %all li/ a settlem5t 
or judgm5t1 z applicable1 by any ( !    
foll[+ categories t apply to ! settlem5t
 or judgm5t3 7,i7 ,a settlem5t or       
judgm5t relat+ to an alleg$ act ( sexual
 abuse1 cov]$ discrim9ation1 or cov]$   
h>assm5t because ( sex4  7,,ii7 ,a      
settlem5t or judgm5t relat+ to an alleg$
 act ( cov]$ discrim9ation or cov]$     
h>assm5t because ( race1 color1 or      
national orig94  7,,iii7 ,a settlem5t or
 judgm5t relat+ to an alleg$ act ( cov]$
 discrim9ation or cov]$ h>assm5t because
 ( religion4  7,,iv7 ,a settlem5t or    
judgm5t relat+ to an alleg$ act ( cov]$ 
discrim9ation or cov]$ h>assm5t because 
( age4  7,v7 ,a settlem5t or judgm5t    
relat+ to an alleg$ act ( cov]$         
discrim9ation or cov]$ h>assm5t on !    
basis ( disability4  7,,vi7 ,a settlem5t
 or judgm5t relat+ to an alleg$ act (   
cov]$ discrim9ation or cov]$ h>assm5t   
because ( g5etic in=mation4  7,,vii7 ,a 
settlem5t or judgm5t relat+ to an alleg$
 act ( cov]$ discrim9ation or cov]$     

h>assm5t on ! basis ( /atus conc]n+     
s]vice 9 a uni=m$ s]vice4  7,,viii7 ,a  
settlem5t or judgm5t relat+ to an alleg$
 act ( cov]$ discrim9ation or cov]$     
h>assm5t because ( sexual ori5tation or 
g5d] id5tity4  7,c7 ,prohibitions on    
c]ta9 disclosures2 victim *oice  7i7    
,prohibition on disclosures by cov]$    
issu]s ,a cov]$ issu] may n-- 7,i7 9 any
 disclosure made "u subp>agraph 7,a71 or
 9 any o!r public disclosure1 disclose !
 "n ( a victim ( an alleg$ act ( sexual 
abuse1 cov]$ h>assm5t1 or cov]$         
discrim9ation on :i* a settlem5t1       
judgm5t1 or compla9t1 z applicable1     
describ$ 9 subp>agraph 7,a7 is bas$2 or 
7,,ii7 "u subp>agraph 7,b77ii71 include 
! categorization ( a settlem5t or       
judgm5t describ$ 9 subclause 7,i71      
7,,iii71 7,,vi71 or 7,,viii7 (          
subp>agraph 7,a77i71 z applicable1 9 any
 disclosure made "u subp>agraph 7,a7 if 
! victim ( ! alleg$ act ( sexual abuse1 
cov]$ h>assm5t1 or cov]$ discrim9ation  
on :i* ! settlem5t or judgm5t is bas$   

objects to ! disclosure ( t             
categorization4  7ii7 ,prohibition on   
disclosures by ! ,commission ,!         
,commission may n disclose ! "n ( a     
victim ( an alleg$ act ( sexual abuse1  
cov]$ h>assm5t1 or cov]$ discrim9ation  
on :i* a settlem5t1 judgm5t1 or         
compla9t1 z applicable1 describ$ 9      
subp>agraph 7,a7 is bas$4  7iii7 ,victim
 *oice  7,i7 ,9 g5]al ,a cov]$ issu]    
%all n be requir$ to report in=mation "u
 subp>agraph 7,b77i7 if ! victim ( !    
alleg$ act ( sexual abuse1 cov]$        
h>assm5t1 or cov]$ discrim9ation on :i* 
! settlem5t or judgm5t1 z applicable1 is
 bas$ objects to ! report+ ( t          
in=mation4  7,,ii7 ,no effect on        
subsequ5t ye>s ,if in=mation is n       
report$ 9 a fiscal ye> because ( an     
objection made "u subclause 7,i71 t     
in=mation %all be report$ 9 subsequ5t   
fiscal ye>s "u subp>agraph 7,b77ii74    
7,d7 ,prev5tion ( sexual abuse1 cov]$   
h>assm5t1 & cov]$ discrim9ation ,9 ea*  
disclosure requir$ "u subp>agraph 7,a71 

! cov]$ issu] mak+ ! disclosure %all    
include a description ( ! measures tak5 
by ! cov]$ issu] & any subsidi>y1       
contractor1 or subcontractor ( ! cov]$  
issu] to prev5t employees ( ! cov]$     
issu] & any subsidi>y1 contractor1 or   
subcontractor ( ! cov]$ issu] f committ+
 or engag+ 9 sexual abuse1 cov]$        
h>assm5t1 or cov]$ discrim9ation4  7#c7 
,regulations ,! ,commission may         
promulgate su* regulations z !          
,commission consid]s necess>y to        
implem5t ! requirem5ts "u p>agraph 7#b74
  4