Broad-Based Stock Option Plan Transparency Act

Summary

Broad-Based Stock Option Plan Transparency Act - Directs the Securities and Exchange Commission (SEC) to require companies to include within certain mandatory reports details regarding stock option plans, stock purchase plans, and other arrangements involving employee acquisition of an equity interest in the company, including: (1) a discussion of the dilutive effect of stock option plans (written in accordance with the Plain English Handbook published by the Office of Investor Education and Assistance of the Commission); (2) expanded disclosure of the dilutive effect of employee stock options on the company's earnings per share number; (3) prominent placement and increased comparability of all stock option related information; and (4) a summary of stock options granted to the five most highly compensated executive officers, including outstanding stock options of those officers. Directs the SEC to examine and report to specified congressional committees on the effectiveness of the enhanced disclosures required by this Act in increasing transparency to current and potential investors. Prohibits the Commission, between enactment of this Act and submission of such report, from recognizing as generally accepted accounting principles any new accounting standards regarding the treatment of stock options. Directs the Secretary of Commerce to analyze and report to specified congressional committees on broad-based employee stock option plans, particularly in the high technology and any other high growth industries.

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Timeline

1. 17 February 2005

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 17 February 2005

   Introduced

   Introduced in House

   Source: IntroReferral

3. 17 February 2005

   Introduced

   Introduced in House

   Source: IntroReferral

4. 22 March 2005

   Referred

   Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 17 February 2005 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 17 February 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 17 February 2005

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 17 February 2005

  Open at official source

Sponsors

• Rep. Dreier, David [R-CA-33] · R · Sponsor
• Anna Eshoo · D · Sponsor
• Sen. Blunt, Roy [R-MO] · R · Sponsor
• JOSEPH CROWLEY · D · Sponsor
• Rep. Shadegg, John B. [R-AZ-3] · R · Sponsor
• Rep. Wu, David [D-OR-1] · D · Sponsor
• Rep. Cantor, Eric [R-VA-7] · R · Sponsor
• Rep. Inslee, Jay [D-WA-1] · D · Sponsor
• ED ROYCE · R · Sponsor
• Rep. McIntyre, Mike [D-NC-7] · D · Sponsor
• Rep. Miller, Gary G. [R-CA-31] · R · Sponsor
• Zoe Lofgren · D · Sponsor
• Rep. Hefley, Joel [R-CO-5] · R · Sponsor
• Rep. Lantos, Tom [D-CA-11] · D · Sponsor
• Marsha Blackburn · R · Sponsor
• Rep. Miller, Brad [D-NC-13] · D · Sponsor
• Rep. Cox, Christopher [R-CA-40] · R · Sponsor
• LAMAR SMITH · R · Sponsor
• Michael Simpson · R · Sponsor
• Rep. Rogers, Mike J. [R-MI-8] · R · Sponsor
• Rep. Hayworth, J. D. [R-AZ-5] · R · Sponsor
• F. SENSENBRENNER · R · Sponsor
• Rep. Wilson, Joe [R-SC-2] · R · Sponsor
• Pete Sessions · R · Cosponsor
• Ed Case · D · Cosponsor
• Rep. Chandler, Ben [D-KY-6] · D · Cosponsor
• RON KIND · D · Cosponsor
• Rep. Honda, Michael M. [D-CA-17] · D · Cosponsor
• Rep. Reynolds, Thomas M. [R-NY-26] · R · Cosponsor
• Rep. Smith, Adam [D-WA-9] · D · Cosponsor
• Nancy Pelosi · D · Cosponsor
• Earl Blumenauer · D · Cosponsor
• ROBERT GOODLATTE · R · Cosponsor
• Sheila Jackson Lee · D · Cosponsor
• Rep. Miller, Jeff [R-FL-1] · R · Cosponsor
• James McGovern · D · Cosponsor
• Rep. Davis, Artur [D-AL-7] · D · Cosponsor
• Rep. Boucher, Rick [D-VA-9] · D · Cosponsor
• Rep. Feeney, Tom [R-FL-24] · R · Cosponsor
• Sen. Flake, Jeff [R-AZ] · R · Cosponsor
• Rep. Hooley, Darlene [D-OR-5] · D · Cosponsor
• Rep. Herger, Wally [R-CA-2] · R · Cosponsor
• Rep. Musgrave, Marilyn N. [R-CO-4] · R · Cosponsor
• Rep. Pombo, Richard W. [R-CA-11] · R · Cosponsor
• Rep. Harman, Jane [D-CA-36] · D · Cosponsor
• Sen. Schiff, Adam B. [D-CA] · D · Cosponsor
• Rep. Putnam, Adam H. [R-FL-12] · R · Cosponsor
• Rep. Gallegly, Elton [R-CA-21] · R · Cosponsor

Showing 48 of 50 sponsors and actors.

Related records

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