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house Bill H.R. 5084

Should Public Companies be Required to Publish Board Diversity Information?

Argument in favor

The composition of corporate boards — and specifically the inclusion of minorities, women, and veterans on corporate boards — is a matter of public interest. With this in mind, publicly traded companies should make information about their boards’ members publicly available.

jimK's Opinion
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11/18/2019
Diversity stats should be published as part of a public company’s responsibility to serve the public interests generally, and not just serve it’s shareholders. I don’t see the need for legislation to do this. I thought the board of directors are identified in public company’s annual shareholder report. If I am incorrect in this presumption, please feel free to let me know. If the Board of Director’s are identified in the annual shareholders reports, why not simply issue a rule change to include the diversity stats as part of the annual reporting to shareholders? This would have much wider exposure and impact. The SEC could then just issue substantive fines to a public company that did not comply. It would seem to be a simpler, more efficient and impactful way of reporting. If shareholders were unhappy with the results they can simply report their concerns to the SEC to investigate and correct. I don’t think we need new legislation or even the prior legislation for this. There seems to be more direct and meaningful ways to do this.
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Allen's Opinion
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11/17/2019
If a company is publicly traded, its management should be public information.
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Stephanie's Opinion
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11/18/2019
Diversity in the highest offices and boardrooms help businesses make better decisions. There have been many studies to back this up. You have interns. They can google it for you.
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Argument opposed

This bill is duplicative with another bill, the Diversity in Corporate Leadership Act of 2019 (H.R.3279), that has also passed the House Financial Services Committee. Since these two bills address the same issues and have very similar provisions, they should be combined into one piece of legislation.

Chris's Opinion
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11/18/2019
Stop trying to force diversity for diversity’s sake and embrace merit based positioning. Grow up!
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Kelly's Opinion
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11/19/2019
No, not the governments business or anyone else.
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operaman's Opinion
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11/18/2019
This famous Diversity Act will be as popular as an outhouse in your backyard. Stinks!
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
      senate Committees
      Committee on Banking, Housing, and Urban Affairs
  • The house Passed November 19th, 2019
    Roll Call Vote 281 Yea / 135 Nay
      house Committees
      Committee on Financial Services
    IntroducedNovember 14th, 2019

Log in or create an account to see how your Reps voted!

Bill Activity

  • IntroReferral
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Floor
    Motion to reconsider laid on the table Agreed to without objection.
  • Floor
    On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 281 - 135 (Roll no. 630).
  • Floor
    Considered as unfinished business.
  • Floor
    On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 281 - 135 (Roll no. 630). (text: CR 11/18/2019 H8927-8928)
  • Floor
    Considered as unfinished business. (consideration: CR H8971-8972)
  • Floor
    Considered under suspension of the rules. (consideration: CR H8927-8929; text: CR H8927-8928)
  • Floor
    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
  • Floor
    DEBATE - The House proceeded with forty minutes of debate on H.R. 5084.
  • Floor
    Considered under suspension of the rules.
  • Floor
    Mr. Green, Al (TX) moved to suspend the rules and pass the bill.
  • Floor
    Considered under suspension of the rules. (consideration: CR H8927-8929)
  • IntroReferral
    Referred to the House Committee on Financial Services.

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
      senate Committees
      Committee on Banking, Housing, and Urban Affairs
  • The house Passed November 19th, 2019
    Roll Call Vote 281 Yea / 135 Nay
      house Committees
      Committee on Financial Services
    IntroducedNovember 14th, 2019

Log in or create an account to see how your Reps voted!
    Diversity stats should be published as part of a public company’s responsibility to serve the public interests generally, and not just serve it’s shareholders. I don’t see the need for legislation to do this. I thought the board of directors are identified in public company’s annual shareholder report. If I am incorrect in this presumption, please feel free to let me know. If the Board of Director’s are identified in the annual shareholders reports, why not simply issue a rule change to include the diversity stats as part of the annual reporting to shareholders? This would have much wider exposure and impact. The SEC could then just issue substantive fines to a public company that did not comply. It would seem to be a simpler, more efficient and impactful way of reporting. If shareholders were unhappy with the results they can simply report their concerns to the SEC to investigate and correct. I don’t think we need new legislation or even the prior legislation for this. There seems to be more direct and meaningful ways to do this.
    Like (68)
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    Stop trying to force diversity for diversity’s sake and embrace merit based positioning. Grow up!
    Like (41)
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    If a company is publicly traded, its management should be public information.
    Like (35)
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    No, not the governments business or anyone else.
    Like (19)
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    This famous Diversity Act will be as popular as an outhouse in your backyard. Stinks!
    Like (18)
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    Diversity in the highest offices and boardrooms help businesses make better decisions. There have been many studies to back this up. You have interns. They can google it for you.
    Like (14)
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    Never too much transparency.
    Like (11)
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    This is not the governments business.
    Like (11)
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    TRANSPARENCY! always and forever
    Like (11)
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    If they are going to be considered the same as people according to the Supreme Court then they ought to be transparent as people have to be. They probably are supposed to already be doing this, but apparently are NOT DOING IT.
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    Color and sexual preference are more important than work ethics and ability. No wonder I can not get a job.
    Like (9)
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    Qualified People should always be considered first. We do not base the importance of people on their race or ethnicity, but on them as a a person as a whole who acquires the needed skills to perform a particular job. Additionally, programs are now in place to provide good training for all Americans who wish to enter into various careers, including with increased knowledge can become corporate leaders regardless of race or ethnicity. The Government needs not to legislate every corner or facet of the American people. The American People must understand "life, liberty and the pursuit of happiness" is for ALL, regardless of Race or ethnicity.
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    This is not the governments business. Forcing outcomes usually just results in worse outcomes.
    Like (8)
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    Transparency is key!
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    There are to many Public Companies where Boards tend to be self perpetuating rather than looking for new blood with new ideas and looking after the interest of the people that have money invested in their companies.
    Like (7)
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    It’s a great idea but can they be trusted to give factual data? Like from top positions down to entry level positions along with Salary data.
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    No, the government needs to work for the people not against them. This is a foolish socialist idea. The best people need to be on the board regardless of race.
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    Ridiculous!!! Not the job of the government!!! Then again... dumbocrats don’t seem to understand the intended job of our government, as set forth by our forefathers!!
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    One of my frustrations is how seemingly duplicated bills get introduced. Don’t they have a way to find near-duplicate bills. This bill is duplicative with another bill, the “Diversity in Corporate Leadership Act of 2019” (H.R.3279), that has also passed the House Financial Services Committee. Since these two bills address the same issues and have very similar provisions, they should be combined into one bill.
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    We should all be transparent in an overall agreement to share this country & planet equally, for each other committed to an outcome of altering all conditions to provide for what honors that.
    Like (6)
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