H.R.1062 - Burdensome Data Collection Relief Act

To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal certain additional disclosure requirements, and for other purposes. view all titles (3)

All Bill Titles

  • Short: Burdensome Data Collection Relief Act as reported to house.
  • Short: Burdensome Data Collection Relief Act as introduced.
  • Official: To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal certain additional disclosure requirements, and for other purposes. as introduced.

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Bill's Views

  • Today: 2
  • Past Seven Days: 21
  • All-Time: 1,534
 
Introduced
 
House
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Senate
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President
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03/13/11
 
 
 
 
 
 
 

Official Summary

7/12/2011--Reported to House without amendment. (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Burdensome Data Collection Relief Act - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal the requirement

Official Summary

7/12/2011--Reported to House without amendment. (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Burdensome Data Collection Relief Act - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal the requirement that the Securities and Exchange Commission (SEC) amend certain federal regulations regarding executive compensation to require each issuer of securities to disclose in any filing:
(1) the median of the annual total compensation of all the issuer's employees, except the chief executive officer;
(2) the annual total compensation of the chief executive officer; and
(3) the ratio of the first amount to the second.

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Organizations Supporting H.R.1062

  • National Association of Manufacturers
  • Human Resource Policy Association
  • U. S. Chamber of Commerce

Organizations Opposing H.R.1062

  • AFL-CIO
  • US Public Interest Research Group
  • Association of Professional Flight Attendants
  • Americans for Financial Reform
See the money trail behind this bill for more info on how campaign contributions may be influencing senators' and representatives' votes.


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Recent News Coverage

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07/07/11
Financial services regulatory reform update - June 24, 2011

Nan Hayworth's (R-NY) HR 1062 had a successful vote, and would repeal a provision in current law requiring publicly traded companies to disclose their employees' median compensation packages separately from the CEO packages. ...

Source: Lexology (registration)
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07/07/11
Democrats Oppose Repeal of Pay Equity Disclosure Mandate

On June 22, the House Financial Services Committee voted 33-21 to approve HR 1062, the Burdensome Data Collection Relief Act, which would repeal Section 953(b). It appears likely that HR 1062 will win approval from the Republican-controlled House of ...

Source: RiskMetrics (blog)
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06/27/11
Good news on the CEO pay ratio requirement - maybe

On Wednesday, June 22, the House Financial Services Committee voted to recommend HR 1062, the "Burdensome Data Collection Relief Act," a bill that would eliminate the requirement in Dodd-Frank Act Section 953, ...

Source: Lexology (registration)
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Recent Blog Coverage

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01/28/12
Jim Hamilton's World of Securities Regulation: Securities Industry ...

The Burdensome Data Collection Relief Act, HR 1062, is currently awaiting action by the full House of Representatives. The corporate disclosure regime is designed to provide information that is useful to investors when ...

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01/28/12
Jim Hamilton's World of Securities Regulation: Securities Industry ...

The Burdensome Data Collection Relief Act, HR 1062, is currently awaiting action by the full House of Representatives. The corporate disclosure regime is designed to provide information that is useful to investors when ...

Add to My Political Notebook Save to Notebook Rate
01/28/12
Jim Hamilton's World of Securities Regulation: Securities Industry ...

The Burdensome Data Collection Relief Act, HR 1062, is currently awaiting action by the full House of Representatives. The corporate disclosure regime is designed to provide information that is useful to investors when ...

Add to My Political Notebook Save to Notebook Rate

Latest Letters to Congress

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