H.R. 1208 · 110th Congress
Corporate Charitable Disclosure Act of 2007
- Stage
- In committee
- Sponsor
- Paul Gillmor
- Introduced
- 2007-02-27
- Latest action
- 2007-04-11 · Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Summary
Corporate Charitable Disclosure Act of 2007 - Amends the Securities and Exchange Act of 1934 to require disclosure of: (1) corporate charitable contributions whose value exceeds what the issuer made during the previous year to any nonprofit organization of which a director, officer, or controlling person of the issuer (or a spouse) was a director or trustee (insider affiliated charity); (2) the name of such nonprofit organization and the value of the contribution; (3) the total value of contributions made by the issuer to nonprofit organizations during its previous fiscal year; and (4) the organization name and the value of contributions if the value to any one organization exceeds the amount designated by Securities and Exchange Commission rule.