Bills · HR 4925
IN COMMITTEE· 119TH CONGRESS
House BillHR 4925Finance and Financial Sector
Original Securities and Exchange Atonement Act of 2025
INTRO AUG 8· LAST ACTION AUG 8
READING
8MIN
COSPONSORS
0
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill addresses the historical and ongoing impacts of slavery and systemic inequality in the United States by seeking to hold corporate entities accountable for past actions and promote current equity. If it becomes law, it would compel major companies to publicly confront their historical involvement with slavery, potentially leading to financial and programmatic investments in communities that have historically been disadvantaged. This could represent a significant shift in corporate responsibility and transparency regarding social equity, potentially fostering a deeper understanding of how historical injustices may still influence current economic disparities.
If the bill does not become law, companies would not be legally mandated to conduct these specific racial equity audits or report on their ties to slavery and related "atonement" efforts. The dedicated funding mechanism for minority low-to-moderate-income housing and community programs, which relies on fines from non-compliant companies, would also not be established through this specific legislation. This bill connects to broader societal discussions about reparations, corporate social responsibility, and efforts to close racial wealth and opportunity gaps by requiring corporate action and transparency.
KEY PROVISIONS
5AI-extractedPROVISION 01
Requires publicly traded companies (covered issuers) to conduct an independent racial equity audit every two years.
This makes companies regularly examine their fairness, diversity, and inclusion practices.
PROVISION 02
Mandates that these audits investigate if the company, its predecessors, or affiliates had direct or indirect ties to or profited from the institution of slavery.
This introduces a historical accountability component, linking current corporate operations to past injustices.
PROVISION 03
Requires companies to report audit findings to the SEC and publicly disclose any identified ties to slavery, along with actions taken or planned for "atonement" or reconciliation.
This ensures transparency and public awareness of corporate history and their efforts to address it.
PROVISION 04
Imposes significant daily fines on companies and their employees for failing to issue reports or submitting false information, and establishes a private right of action for harm.
These penalties create strong incentives for compliance and provide legal recourse for affected parties.
PROVISION 05
Directs 50% of collected fines to the Secretary of the Treasury for the Office of Minority Low to Moderate Income Programs and 50% to the Secretary of Housing and Urban Development for various housing and community assistance programs for minority low-to-moderate-income individuals.
This provision creates a dedicated funding stream from penalties to support specific equity-focused programs.
SPONSORSHIP
1 + 0
D· Texas
YRS IN OFFICE
21
BILLS LED
53
ACTION TIMELINE
2 EVENTSAUG 8
Introduced in House
AUG 8
Referred to the House Committee on Financial Services.
BILL INFO
TypeHouse Bill
NumberHR 4925
Congress119th
StatusIn Committee
IntroducedAug 8, 2025
Last actionAug 8, 2025
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IN COMMITTEE· 119TH CONGRESS · FINANCIAL SERVICES COMMITTEE · INTRODUCED AUG 8, 2025
House BillHR 4925Finance and Financial Sector
Original Securities and Exchange Atonement Act of 2025
INTRODUCED AUG 8, 2025· LAST ACTION AUG 8, 2025
PASSAGE CHANCES
—%
READING
8 min
COSPONSORS
0
COMPLEXITY
Moderate
