Bill · H.R. 4925· House(119-HR-4925)
Original Securities and Exchange Atonement Act of 2025
- Introduced
- 8/8/2025
- Last activity
- 8/8/2025 — Referred to the House Committee on Financial Services.
- Sponsored by
- Al Green
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
This bill, titled the "Original Securities and Exchange Atonement Act of 2025," amends the Securities Act of 1933. It requires covered issuers to conduct an independent racial equity audit every two years to assess civil rights, diversity, and ties to the institution of slavery. Issuers must report these findings to the Commission and make them available to the public. The Act also establishes the Office of Minority Low to Moderate Income Programs within the Department of the Treasury. Additionally, it mandates fines for non-compliance and directs those funds toward housing and community assistance.
Yes· 3 of 9
Would Black Americans be better off under this?+9
The bill provides specific economic, educational, and housing benefits aimed at descendants of enslaved persons and historically Black organizations.
Does this narrow racial gaps in how people are treated?+8
The bill mandates racial equity audits and funds programs specifically designed to benefit descendants of enslaved persons and minority communities.
Would households on low incomes be better off under this?+8
The bill provides direct financial support through housing assistance, startup capital, and savings programs for low-to-moderate income individuals.
The opposite
Would business owners be better off under this?-4
The bill imposes significant fines and new compliance requirements on large corporations.
Does this give the federal government more power?-3
The bill expands federal regulatory oversight and mandates new reporting requirements for covered issuers.
Who it would affect, and how
Potential Positive Impacts for People
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Community Financial Support: The bill allows for startup capital and funded savings programs in low to moderate income communities (Section 2(a)(2)(C)(i)).
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Educational Support: Issuers may provide grants or contributions to historically Black colleges and universities (Section 2(a)(2)(C)(ii)).
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Support for Black Organizations: The bill permits grants or contributions to specific historically black organizations (Section 2(a)(2)(C)(iii)).
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Housing Assistance: Fines collected from non-compliant issuers are directed toward housing counseling, homebuyer assistance, and affordable housing production (Section 2(a)(2)(B)(ii)).
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New Government Office: The Act establishes the Office of Minority Low to Moderate Income Programs to provide grants for community programs (Section 2(b)(a)).
Potential Negative Impacts for People
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Financial Penalties for Corporations: Covered issuers that fail to issue required reports or provide inaccurate information face fines of $20,000 per day (Section 2(a)(2)(b)(1)(A)).
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Financial Penalties for Employees: Employees or officers who intentionally fail to report or provide inaccurate information can be fined $2,000 per day (Section 2(a)(2)(b)(1)(B)).
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Legal Risks for Shareholders: Investors may face the risk of harm if a covered issuer fails to issue the required report, though they may bring a private action in court (Section 2(a)(2)(b)(2)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Social Issues And Justice
- Improves Racial Equity+8Improves Affordable Housing+7Improves Poverty Reduction+6Reduces Homelessness+5
- Demographic And Interest Groups
- Good For African Americans+9Good For Low Income Households+8Good For Students+5Good For Business Owners-4
- Education And Technology
- Improves College Affordability+7
- Governance And Ideology
- Improves Government Transparency+5Increases Federal Power-3
- 9/15/2026
- 1 Cosponsor added.
- 8/8/2025
- Referred to the House Committee on Financial Services.
- Introduced in House
André CarsonDemocrat · Indiana