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H.R. 4599IntroducedHouse · nowSenatePresidentLawIn committee
Sec. 3 · H.R. 4599

Independent and impartial investigatory requirements

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The Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) is amended by inserting after section 14B the following: 14C. Independent and impartial investigatory requirements (a) In general In investigating any covered discrimination and harassment claim, an issuer shall engage and pay for a third-party law firm to investigate reports of covered discrimination and harassment on an impartial, fact-finding basis rather than at the direction of or scope defined by the issuer. (b) Selection of law firm In choosing the third-party law firm to be engaged under subsection (a), the issuer may only choose a law firm agreed to by all employees involved with the claim. (c) Claim defined In this section, the term claim means any allegation, assertion, or formal legal action..