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Code · BILL · 117th Congress · H.R. 1187 (Referred in Senate) — To provide for disclosure of additional material information about public companies and establish a Sustainable Finan... · Sec. 302

Sec. 302. Pay raise disclosures

214 words·~1 min read·/bill/117/hr/1187/rfs/section-302·

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Section 13 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m ), as amended by section 203, is further amended by adding at the end the following: An issuer required to file an annual report under this section or section 15(d), that is not an emerging growth company, shall include in such report— the percentage increase in the median of the annual total compensation of all executive officers (as such term is defined in section 240.3b–7 of title 17, Code of Federal Regulations) of the issuer over the last completed fiscal year; the percentage increase in the median of the annual total compensation of all employees of the issuer, excluding executive officers, over the last completed fiscal year; the ratio of the percentage described in paragraph
(1)to the percentage described in paragraph (2); a comparison of the percentage described in paragraph
(1)to the percentage change over the same period in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor; and a comparison of the percentage described in paragraph
(2)to the percentage change over the same period in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor. .
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Sec. 302
Pay raise disclosures
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