CONGRESSWOMAN SYLVIA GARCIA REINTRODUCES THE WORKFORCE INVESTMENT DISCLOSURE ACT

WASHINGTON, DC – Today, Congresswoman Sylvia Garcia reintroduced the Workforce Investment Disclosure Act as the Vice Ranking Member of the Financial Services Committee. The Workforce Investment Disclosure Act requires public companies to disclose crucial workforce management metrics, including investments made in skills training, workforce safety, and employee retention.

“A booming, equitable economy is critical to reduce poverty and improve quality of lives,” said Congresswoman Garcia. “The only way we can do this is by protecting and investing in our workers. Currently, there is too much variability among public companies when it comes to disclosing human capital and workforce investment metrics. The purpose of this legislation is to clearly show the public how companies are managing, supporting, and investing in their workers. As I always say—it’s all about workers. Let’s give the power back to the employees,” concluded Congresswoman Garcia.

Research has shown that when workers are happy and thriving, so are their employers. The Workforce Investment Disclosure Act intends to renew organizations’ focus on employee equity in order to mitigate layoffs, expose incidents of race and gender-based workplace discrimination, prevent negative health outcomes for workers, increase worker productivity and economic success, and address lack of trust, reduced morale, lack of job satisfaction, and increased turnover in publicly traded companies.

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Congresswoman Sylvia R. Garcia was elected to the U.S. House of Representatives in November 2018, becoming the first Latina ever to represent the Texas 29th Congressional District. She is the Vice Ranking Member of the House Financial Services Committee, the Vice Chair on Housing and Transportation of the House Democratic Caucus Poverty Task Force, and a member of the Select Subcommittee on the Weaponization of the Federal Government.