Guardrails around accessing public funds

The Investment Company Act of 1940 (15 U.S.C. 80a–1 et seq.), as amended by this Act, is amended by adding at the end the following: 68. Disclosures Any person described in paragraph (1) or (7) of section 3(c) that receives funds from a Federal or State agency— (1) shall publicly disclose— (A) the total funds received from the agency; (B) the workforce demographics of the person; (C) the amount of loans, grants, or other benefits provided; (D) the use of the proceeds; (E) how many jobs were saved or wages preserved; (F) any loans forgiven or discharged; (G) the beneficial owners of the person; (H) the pay ratio between the chief executive officer and the median pay of employees; and (2) may not, during the 2-year period beginning on the date on which the person receives the funds— (A) acquire any company; or (B) make any distribution to a shareholder of the person..