Earlier this week, the House of Representatives defeated an amendment (scroll down) to a bill that would have required issuers in private securities transactions to disclose the compensation of the issuer’s executive officers to prospective investors. Although the amendment was defeated, these sorts of ideas, once introduced into Congressional consciousness, tend to crop up in slightly altered forms in future bills, so we may see it proposed again. The vote was only 234-190, indicating that it would not take much turnover in the House to make it more likely a bill like this could win support.
For some background on the defeated amendment, see this earlier news report here.
