Relating to disclosures of information about publicly traded corporations in this state; prescribing an effective date.
Summary
Requires publicly traded corporation to deliver each year to Secretary of State for filing statement that identifies corporation and provides information about corporation's income, sales, tax liabilities and other information. Provides that information in statement is public record that Secretary of State must make available to public by means of keyword searchable database accessible by Internet. Specifies date by which Secretary of State may make information available. Provides that for violation of Act Secretary of State may impose civil penalty in amount equivalent to not more than lesser of $1 million or 0.25 percent of corporation's gross sales in this state. Takes effect on 91st day following adjournment sine die.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2023
Committee Review
Floor Vote
Governor
Introduced Feb 28, 2023
Last action Jun 25, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
1
Committee
2
Jun 25, 2023
Lower · Passed
In committee upon adjournment.
lower
Mar 3, 2023
Committee
Referred to Business and Labor.
lower
Feb 28, 2023
Introduced
First reading. Referred to Speaker's desk.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Farrah Chaichi
DDemocratic
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