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Adds a new section (14C) to the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) establishing independent and impartial investigatory requirements for issuers investigating covered discrimination and harassment claims.
Redesignates the second paragraph (paragraph (80) regarding funding portals) as paragraph (81) and adds a new paragraph (82) defining the term "covered discrimination and harassment," enumerating categories of discrimination and misconduct covered.
Adds a new subsection (t) to section 13 requiring issuers to disclose specified metrics and information about "covered discrimination and harassment" in annual and quarterly reports, to include attestations by specified officers and directors, to file current reports on entering/exiting agreements resolving such claims (with limited redactions), and to apply disclosure requirements to parents, subsidiaries, and affiliates in specified formats; also defines "claim."
This bill focuses on stopping and exposing workplace sexual harassment and discrimination at public companies. It requires clear reporting, fair outside investigations, strong training for workers and managers, and tools that help employees speak up safely.
Key points
What this means for workers and investors: more transparency about problems, independent reviews instead of in‑house control, and stronger training and tools to prevent and report misconduct.
Referred to the House Committee on Financial Services.
Introduced July 22, 2025 by Ted Lieu · Last progress July 22, 2025