H.R. 1187 · 117th Congress

Corporate Governance Improvement and Investor Protection Act

Introduced on Feb 18, 2021 by Juan Vargas (D-CA-51). One cosponsor. Latest action (Jun 17, 2021): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Stage
Passed one chamber
Introduced
Feb 18, 2021
Cosponsors
1
0 from the other party
Policy area
Finance and Financial Sector
Open in the Congress explorerCongress.govAlert me

Progress

The furthest stage the measure reached. Simple and concurrent resolutions do not go to the President.

  1. Introduced
  2. Reported by committee
  3. Passed one chamber
  4. 4Passed both chambers
  5. 5Sent to the President
  6. 6Became law

Official title

To provide for disclosure of additional material information about public companies and establish a Sustainable Finance Advisory Committee, and for other purposes.

Subjects

  • Administrative law and regulatory procedures
  • Administrative remedies
  • Advisory bodies
  • Air quality
  • Alternative and renewable resources
  • Asia
  • Assault and harassment offenses
  • Atmospheric science and weather
  • Business ethics
  • Business investment and capital
  • Business records
  • China
  • Climate change and greenhouse gases
  • Coal
  • Computer security and identity theft
  • Congressional oversight
  • Contracts and agency
  • Corporate finance and management
  • Detention of persons
  • Elections, voting, political campaign regulation
  • Employee benefits and pensions
  • Employee hiring
  • Employment and training programs
  • Employment discrimination and employee rights
  • Environmental assessment, monitoring, research
  • Financial services and investments
  • Fraud offenses and financial crimes
  • Government ethics and transparency, public corruption
  • Government information and archives
  • Government studies and investigations
  • Human rights
  • Labor market
  • Labor standards
  • Labor-management relations
  • Manufacturing
  • Minority employment
  • Oil and gas
  • Racial and ethnic relations
  • Religion
  • Securities
  • Securities and Exchange Commission (SEC)
  • Self-employed
  • Sex offenses
  • Small business
  • Tax administration and collection, taxpayers
  • Taxation of foreign income
  • Temporary and part-time employment
  • Unemployment
  • Wages and earnings
  • Women's employment
  • Worker safety and health

Summary

By the Congressional Research Service (Passed House, Jun 16, 2021). Public domain.

Corporate Governance Improvement and Investor Protection Act

This bill requires publicly traded companies to periodically disclose information related to

  • environmental, social, and governance performance metrics;
  • expenditures for certain political activities;
  • compensation information regarding executive officers and employees;
  • climate change-related risks, including direct and indirect greenhouse gas emissions and fossil fuel-related assets;
  • tax jurisdiction, income, and assets of constituent entities on a country-by-country basis;
  • workforce management policies, practices, and performance;
  • incidents of workplace harassment and retaliation;
  • cybersecurity;
  • the demographic composition of the board of directors and executive officers; and
  • manufacturing activity in China's Xinjiang Uyghur Autonomous Region.

The bill also establishes the Sustainable Finance Advisory Committee that must, among other duties, recommend to the Securities and Exchange Commission (SEC) policies to facilitate the flow of capital toward environmentally sustainable investments.

The SEC must report on the viability and occurrence of shareholder collective action, particularly regarding employment, environmental, social, and governance issues.

The SEC must also report on compliance issues small businesses face with respect to disclosure requirements related to environmental, social, and governance performance metrics.

Sponsor and cosponsors

Cosponsors by party as of the day they signed on. Original cosponsors signed on the day of introduction.

Juan VargasD-CA-51Sponsor

Democrats · 1

Roll calls

Recorded votes on the measure. Most measures move by voice vote or unanimous consent, which record no individual positions.

  1. On Agreeing to the Amendment
    Jun 16, 2021· House· Amendments· Failed 209–218
  2. On Agreeing to the Amendment
    Jun 16, 2021· House· Amendments· Agreed to 215–211
  3. On Agreeing to the Amendment
    Jun 16, 2021· House· Amendments· Failed 204–225
  4. On Agreeing to the Amendment
    Jun 16, 2021· House· Amendments· Agreed to 380–47
  5. On Motion to Recommit
    Jun 16, 2021· House· Procedural· Failed 207–218
  6. On Passage
    Jun 16, 2021· House· Passage· Passed 215–214

History

Every action as published, oldest first. Roll calls link to how each member voted.

  1. Feb 18, 2021Introduced in House
  2. Feb 18, 2021Introduced in House
  3. Feb 18, 2021 · HouseReferred to the House Committee on Financial Services.
  4. Apr 20, 2021 · HouseCommittee Consideration and Mark-up Session Held.
  5. Apr 21, 2021 · HouseCommittee Consideration and Mark-up Session Held.
  6. Apr 21, 2021 · HouseOrdered to be Reported (Amended) by the Yeas and Nays: 28 - 22.
  7. Jun 8, 2021Reported (Amended) by the Committee on Financial Services. H. Rept. 117-54.
  8. Jun 8, 2021 · HouseReported (Amended) by the Committee on Financial Services. H. Rept. 117-54.
  9. Jun 8, 2021 · HousePlaced on the Union Calendar, Calendar No. 37.
  10. Jun 14, 2021 · HouseRules Committee Resolution H. Res. 473 Reported to House. Resolution provides for consideration of H.R. 256 under a closed rule and provides for consideration of H.R. 1187 under a structured rule. The resolution provides for one hour of debate for each bill and for one motion to recommit for each bill. The resolution provides that H. Res. 467 is adopted.
  11. Jun 14, 2021 · HouseRule H. Res. 473 passed House.
  12. Jun 16, 2021 · HouseConsidered under the provisions of rule H. Res. 473. (consideration: CR H2830-2855; text: CR H2830-2834)
  13. Jun 16, 2021 · HouseResolution provides for consideration of H.R. 256 under a closed rule and provides for consideration of H.R. 1187 under a structured rule. The resolution provides for one hour of debate for each bill and for one motion to recommit for each bill. The resolution provides that H. Res. 467 is adopted.
  14. Jun 16, 2021 · HouseDEBATE - The House proceeded with one hour of debate on H.R. 1187.
  15. Jun 16, 2021 · HouseDEBATE - Pursuant to the provisions of H. Res. 473, the House proceeded with 10 minutes of debate on the Burgess amendment No. 1.
  16. Jun 16, 2021 · HousePOSTPONED PROCEEDINGS - At the conclusion of debate on the Burgess amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mr. Burgess demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
  17. Jun 16, 2021 · HouseDEBATE - Pursuant to the provisions of H. Res. 473, the House proceeded with 20 minutes of debate on the Waters amendment en bloc No. 1.
  18. Jun 16, 2021 · HousePOSTPONED PROCEEDINGS - At the conclusion of debate on the Waters amendment en bloc, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Ms. Waters demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
  19. Jun 16, 2021 · HouseDEBATE - Pursuant to the provisions of H. Res. 473, the House proceeded with 10 minutes of debate on the Hill amendment No. 4.
  20. Jun 16, 2021 · HousePOSTPONED PROCEEDINGS - At the conclusion of debate on the Hill amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Hill demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
  21. Jun 16, 2021 · HouseDEBATE - Pursuant to the provisions of H. Res. 473, the House proceeded with 10 minutes of debate on the Schrier amendment No. 8.
  22. Jun 16, 2021 · HousePOSTPONED PROCEEDINGS - At the conclusion of debate on the Schrier amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
  23. Jun 16, 2021 · HouseDEBATE - Pursuant to the provisions of H. Res. 473, the House proceeded with 10 minutes of debate on the Plaskett amendment No. 10.
  24. Jun 16, 2021 · HousePOSTPONED PROCEEDINGS - Pursuant to clause 1(c) of rule XIX further proceedings on H.R. 1187 were postponed.
  25. Jun 16, 2021 · HousePursuant to clause 1(c) of rule XIX, the House resumed consideration of H.R. 1187.
  26. Jun 16, 2021 · HouseConsidered as unfinished business. (consideration: CR H2859-2863)
  27. Jun 16, 2021 · HouseUNFINISHED BUSINESS - The Chair announced that the unfinished business was on agreeing to amendments which were debated earlier and on which previous questions were postponed.
  28. Jun 16, 2021 · HouseMotion to reconsider laid on the table. Agreed to without objection.
  29. Jun 16, 2021 · HouseMotion to reconsider laid on the table. Agreed to without objection.
  30. Jun 16, 2021 · HouseMotion to reconsider laid on the table. Agreed to without objection.
  31. Jun 16, 2021 · HouseMotion to reconsider laid on the table. Agreed to without objection.
  32. Jun 16, 2021 · HouseThe previous question was ordered pursuant to the rule.
  33. Jun 16, 2021 · HouseMr. Barr moved to recommit to the Committee on Financial Services. (text: CR H2862)
  34. Jun 16, 2021 · HouseThe previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
  35. Jun 16, 2021 · HouseOn motion to recommit Failed by the Yeas and Nays: 207 - 218 (Roll no. 168).House · Roll call 168
  36. Jun 16, 2021Passed/agreed to in House: On passage Passed by the Yeas and Nays: 215 - 214 (Roll no. 169).House · Roll call 169
  37. Jun 16, 2021 · HouseOn passage Passed by the Yeas and Nays: 215 - 214 (Roll no. 169).House · Roll call 169
  38. Jun 16, 2021 · HouseMotion to reconsider laid on the table Agreed to without objection.
  39. Jun 17, 2021 · SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Committees

Committees and subcommittees the measure was referred to.

Agencies in its committees' jurisdiction

Analisa's mapping of committee jurisdiction to federal agencies; the bill may touch others, or none of these.

Who lobbied on it

Organizations whose lobbying reports (LD-2) name this measure. Spending is what they reported for those quarters on all issues, not on this measure alone.

  1. INSURED RETIREMENT INSTITUTE2 reports
    $300K reported (all issues)

Reports filed in 2023.

Sources and method

Every figure on this page traces to these records.

  • Bill status: bills and resolutions, sponsors, actions, subjects and CRS summaries (U.S. Government Publishing Office (GovInfo), from Congress.gov (Library of Congress))GovInfo Bill Status bulk data (Congress.gov; summaries by the Congressional Research Service) · data current to Oct 6, 2026 · loaded Oct 6, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Members of Congress, their terms, committees and identifiers (The @unitedstates project (from the Biographical Directory of the U.S. Congress, the House and the Senate))unitedstates/congress-legislators: legislators, committees and current committee membership · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: CC0 1.0 (public domain dedication)
  • House roll-call votes (Office of the Clerk, U.S. House of Representatives)Office of the Clerk, U.S. House of Representatives, roll-call vote records · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Senate roll-call votes and DW-NOMINATE scores (Voteview (UCLA Department of Political Science))Lewis, Jeffrey B., Keith Poole, Howard Rosenthal, Adam Boche, Aaron Rudkin, and Luke Sonnet (2026). Voteview: Congressional Roll-Call Votes Database. https://voteview.com/ · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Free to use with the required citation
  • Lobbying disclosures (LD-1 registrations, LD-2 quarterly reports, LD-203 contribution reports) (Clerk of the U.S. House of Representatives)Clerk of the House, Lobbying Disclosure Act filings (organizations only; lobbyists' names are not loaded) · data current to Oct 6, 2026 · loaded Oct 6, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Positions are shown only where a roll call recorded them; voice votes and unanimous consent record none.
  • Money and votes are shown side by side; neither explains the other.