Contact Congress about H.R. 2190: Shareholder Political Transparency Act of 2025
Many public companies would have to report political spending every three months. They would also have to tell shareholders about larger yearly spending and planned spending, when they know it.
Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.
Shareholder Political Transparency Act of 2025 is a House bill in committee. The latest recorded action: Referred to the House Committee on Financial Services.
Latest action on H.R. 2190: Referred to the House Committee on Financial Services.
Who this affects: This bill mainly affects public companies, their shareholders, and outside groups that receive company money for political activity. Companies would face new reporting duties. Shareholders and the public would get more information about company political spending. Registered investment companies would be left out of these new rules.
Why this matters: Political spending can affect a company’s public image, risks, and policy goals, but investors may not always see where the money goes. This bill would make more of that spending public and easier to compare across companies. It could help shareholders make voting and investment choices. It could also create new costs and reveal plans that companies may prefer to keep private.
Key provisions in H.R. 2190
- The bill defines covered political spending broadly. It includes independent campaign spending, some public messages about candidates, and some payments to 501(c) tax-exempt groups when the money may be used for those purposes.
- The bill leaves out several activities from covered political spending. It does not include direct lobbying by registered lobbyists, some internal messages to shareholders and key staff and their families, or running a separate political action committee.
- Registered investment companies would not have to follow these new rules. The bill excludes companies registered under the Investment Company Act of 1940 from the covered issuer definition.
- The Securities and Exchange Commission would have 180 days to write the rules. Covered companies would then file quarterly reports listing each covered political expense, with the date, amount, purpose, candidate details, and party details.
- Companies would have to name some outside groups that receive their money. This includes trade associations and certain 501(c) tax-exempt groups when the money is or could reasonably be used for political activity.
How Modern Action helps you take action on H.R. 2190
You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.
Questions people ask about H.R. 2190
- What is H.R. 2190?
- Many public companies would have to report political spending every three months. They would also have to tell shareholders about larger yearly spending and planned spending, when they know it.
- How do I support or oppose H.R. 2190?
- Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.
- Who should I contact about H.R. 2190?
- Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.
- Can Modern Action explain H.R. 2190 before I act?
- Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.
