Shareholder Political Transparency Act of 2025

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 2190 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 2190 To amend the Securities Exchange Act of 1934 to require reporting of certain expenditures for political activities, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 18, 2025 Mr. Foster (for himself, Ms. Velazquez, Mrs. Beatty, Ms. Schakowsky, Mr. Casten, Mr. Garcia of Illinois, and Mr. Himes) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To amend the Securities Exchange Act of 1934 to require reporting of certain expenditures for political activities, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Shareholder Political Transparency Act of 2025''. SEC. 2. FINDINGS. Congress finds that-- (1) corporations make significant political contributions and expenditures that directly or indirectly influence the election of candidates and support or oppose political causes; (2) decisions to use corporate funds for political contributions and expenditures are usually made by corporate boards and executives, rather than shareholders; (3) corporations, acting through boards and executives, are obligated to conduct business for the best interests of their owners, the shareholders; (4) historically, shareholders have not had a way to know, or to influence, the political activities of corporations they own; (5) shareholders and the public have a right to know how corporate managers are spending company funds to make political contributions and expenditures benefitting candidates, political parties, and political causes; and (6) corporations should be accountable to shareholders i