Original Securities and Exchange Atonement Act of 2025

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4925 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 4925 To amend the Securities Act of 1933 to require covered issuers to carry out a racial equity audit every 2 years, to require atonement for the descendants of enslaved persons, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES August 8, 2025 Mr. Green of Texas introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To amend the Securities Act of 1933 to require covered issuers to carry out a racial equity audit every 2 years, to require atonement for the descendants of enslaved persons, 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 ``Original Securities and Exchange Atonement Act of 2025''. SEC. 2. RACIAL EQUITY AUDIT. (a) In General.--The Securities Act of 1933 is amended by inserting after section 4A (15 U.S.C. 77d-1) the following: ``SEC. 4B. RACIAL EQUITY AUDIT. ``(a) In General.--Not later than the end of the 6-month period beginning on the date of enactment of this section, and every 2 years thereafter, each covered issuer shall-- ``(1) conduct an independent audit to assess within each line of business-- ``(A) the issuer's policies and practices on civil rights, equity, diversity, and inclusion; ``(B) how such policies and practices affect the issuer's business; and ``(C) whether the issuer, any predecessor institution of the issuer, or any affiliate of the issuer had direct or indirect ties to or profited from the institution of slavery; ``(2) issue a report to the Commission containing-- ``(A) in the case of-- ``(i) the initial report or any subsequent report for which the