Protections and Transparency in the Workplace Act

HR 4599, the Protections and Transparency in the Workplace Act, requires publicly traded companies to publicly report annual data on workplace discrimination and harassment claims. It mandates disclosures including the number of claims received, resolved, settled, or resulting in court judgments, along with settlement amounts and investigation outcomes across all company entities. The bill also requires companies to use third-party investigators for such claims (not company staff), implement annual employee training on preventing discrimination/harassment (including bystander intervention), and conduct yearly workplace safety surveys. These requirements apply to all "covered issuers" under securities law, defined as companies with publicly traded securities. The law aims to increase transparency around workplace misconduct without altering existing anti-discrimination legal standards.