H.R. 1187: Corporate Governance Improvement and Investor Protection Act

117th Congress · introduced 2021-02-18 · Finance and Financial Sector · Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

federal

Follow this bill, step by step

Where it came from: introduced 2021-02-18 · official record
Who proposed it: Rep. Vargas, Juan [D-CA-51] · what a sponsor is
What happened next: 6 recorded votes in our records. Latest: House roll call 164 (2021): On Agreeing to the Amendment, HR1187 (2021-06-16), Failed. See all
Where it stands now: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Corporate Governance Improvement and Investor Protection Act

Plain summary

Corporate Governance Improvement and Investor Protection Act This bill requires publicly traded companies to periodically disclose information related to environmental, social, and governance performance metrics; expenditures for certain political activities; compensation information regarding executive officers and employees; climate change-related risks, including direct and indirect greenhouse gas emissions and fossil fuel-related assets; tax jurisdiction, income, and assets of constituent entities on a country-by-country basis; workforce management policies, practices, and performance; incidents of workplace harassment and retaliation; cybersecurity; the demographic composition of the board of directors and executive officers; and manufacturing activity in China's Xinjiang Uyghur Autonomous Region. The bill also establishes the Sustainable Finance Advisory Committee that must, among other duties, recommend to the Securities and Exchange Commission (SEC) policies to facilitate the flow of capital toward environmentally sustainable investments. The SEC must report on the viability and occurrence of shareholder collective action, particularly regarding employment, environmental, social, and governance issues. The SEC must also report on compliance issues small businesses face with respect to disclosure requirements related to environmental, social, and governance performance metrics.

Congressional Research Service summary (Passed House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Corporate Governance Improvement and Investor Protection Act

Source: Congressional Research Service summary (Passed House)

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The strongest published arguments

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Vargas, Juan [D-CA-51] · 1 cosponsors

Cost estimate: CBO cost estimate: H.R. 1187, ESG Disclosure Simplification Act of 2021 (2021-06-10)

Cosponsors on this site

Jesús G. "Chuy" García (D-IL)

Sponsor's campaign money: Rep. Vargas, Juan [D-CA-51] reported raising $836,097 (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Recorded votes

House roll call 164 (2021): On Agreeing to the Amendment, HR1187 (2021-06-16): Failed
House roll call 165 (2021): On Agreeing to the Amendment, HR1187 (2021-06-16): Agreed to
House roll call 166 (2021): On Agreeing to the Amendment, HR1187 (2021-06-16): Failed
House roll call 167 (2021): On Agreeing to the Amendment, HR1187 (2021-06-16): Agreed to
House roll call 168 (2021): On Motion to Recommit, HR1187 (2021-06-16): Failed
House roll call 169 (2021): On Passage, HR1187 (2021-06-16): Passed

Words on this page, explained (3)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Jurisdiction: The area or the matters a government or court has authority over.
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Passed House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117hr1187.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/hr>

Record fed-us-cong117-hr1187 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117