July 27, 2020

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Chamber of Commerce, banking industry groups call on Senate to pass corporate diversity bill

By
Alex Gangitano
The Hill

The U.S. Chamber of Commerce, American Bankers Association, the Real Estate Roundtable and others called on the Senate to pass legislation that would require public companies to disclose the racial, ethnic and gender composition of their boards and executive officers.

In a letter sent Monday to Senate Banking Committee Chairman Mike Crapo (R-Idaho) and the panel’s top Democrat, Sen. Sherrod Brown (Ohio), the trade organizations said this legislation would organically boost diversity on boards through disclosure.

Other groups on the letter include the Bank Policy Institute, International Council of Shopping Centers, National Association of Investment Companies, Retail Industry Leaders Association, National Black Chamber of Commerce and TechNet, among others.

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