2013 Congressional Report Card on Corporate Accountability
This is the second edition of the Corporate Accountability Coalition’s Congressional Report Card. The CAC Report Card represents an effort to measure Congress’s commitment to keep the power of large corporations in check, to promote transparency and responsible business practices, and to hold corporations accountable for their actions. Corporations are an important part of modern life and the modern economy, but their interests do not always represent the interests of living, breathing, human beings. This Report Card attempts to serve as an objective measure of Congressional efforts to ensure that protecting people, not corporations, is the primary focus of our laws and policy.
2013 continued to produce little congressional activity in favor of corporate accountability and responsible business practices. Not a single pro-accountability bill even made it to a vote. Some actions that addressed important issues regarding corporate responsibility and necessary limitations on corporate power garnered little, if any, co-sponsorship.
Greater accountability and transparency should be at the top of Congress’ agenda. Unfortunately, as this Report Card shows, that is not the case. There continues to be no organized effort in Congress to address the need to tighten the restrictions on corporate power, enhance transparency, and promote accountability and responsible business.
This Report Card will continue to monitor the actions of our elected representatives in Congress, reminding them that they represent human beings, not corporations. We hope it motivates members of Congress to make greater efforts to protect the rights and interests of the people by placing limits on how corporations can behave, reining in corporations when they attempt to go beyond those limits, and making corporations accountable when they disregard those limits. This is not just good for people—it is good for responsible American businesses, that suffer when irresponsible corporations are allowed to gain advantages from wrongdoing.
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Legislation that the CAC is following for the 2014 Report Card
The following measures are being followed and will be scored in the 2014 Report Card, if they cross the minimum co-sponsor threshold. They will be scored according to the methodology described in the 2013 Report Card.
Senate Accountability Legislation that will be scored
- Citizens United “fixes”: S.J.Res. 5, 11, 18, 19, S. 525
- S.J.Res.19 – A joint resolution proposing an amendment to the Constitution of the United States relating to contributions and expenditures intended to affect elections (the vote will be scored separately from the other Citizens United “fix” measures)
- S. 824 :Shareholder Protection Act of 2013
- S. 878: Arbitration Fairness Act of 2013
- S. 1654: Government Settlement Transparency and Reform Act
- S. 1933: Global Human Rights Accountability Act
- S. 2598: Civilian Extraterritorial Jurisdiction Act of 2014
Senate Accountability Legislation that we support, and will score if it reaches the co-sponsorship threshold
- S. 685: Too Big to Fail, Too Big to Exist Act
- S. 1538 FIX Credit Reporting Errors Act, or “the FIX Act”
- S. 1746: Federal Employee Responsible Investment Act
- S. 1762: End Polluter Welfare Act
- S. 1898: Truth in Settlements Act
- S. 2317: Safety over Secrecy Act of 2014
Senate Anti-Accountability Legislation
- Keystone XL Bills: S. 2280, S. 2554
House Accountability Legislation that will be scored
- Citizens United “fixes”: H.J.Res. 13, 14, 21, 25, 29, 34
- Corporate Spending Disclosure Acts: H.R. 148, 2214, 1112
- H.R. 1338: Restoring Confidence in Our Democracy Act
- H.R. 1734: Shareholder Protection Act of 2013
- H.R. 1844: Arbitration Fairness Act of 2013
- H.R. 1910: Foreign Manufacturers Legal Accountability Act of 2013
- H.R. 3563: Federal Employees Respnsible Investment Act
- H.R. 3574: End Polluter Welfare Act of 2013
- H.R. 4324: Truth in Settlements Act of 2014
House Accountability Legislation that we support, and will score if it reaches the co-sponsorship threshold
- H.R. 131: Financial Crisis Criminal Investigation Act
- H.R. 195: Ethics in Foreign Lobbying Act of 2013
- H.R. 929: Patriot Corporations of America Act of 2013
- H.R. 1450: Too Big to Fail, Too Big to Exist Act
- H.R. 1887: Offending Oil Polluters Act of 2013
- H.R. 2411: To prohibit the Federal Government from contracting with an entity that has committed fraud or certain other crimes
- H.R. 3480: No Taxpayer Money for Corporate Campaigns Act
- H.R. 4451: Dangerous Products Warning Act
- H.R. 4452: Corporate Crime Database Act
- H.R. 4586: Fraudulent Overseas Recruitment and Trafficking Elimination Act of 2014
- H.R. 4842: Business Supply Chain Transparency on Trafficking and Slavery Act
- H.R. 5096: Civilian Extraterritorial Jurisdiction Act of 2014
House Anti-Accountability Legislation
- H.R. 4734: Bureau Arbitration Fairness Act
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