The biggest tech investors in the world are backing a new proposal that would require tech giants to disclose more information about their investments.
The proposal, which was unveiled Tuesday by the Bill & Melinda Gates Foundation, calls for the public to be able to easily see which companies have received a share of a $1 billion grant from the foundation and which have been paid.
The proposed legislation would also require more transparency about what money has gone to each company.
The Gates Foundation announced it was launching the proposal after receiving a flood of requests from tech companies to get more details about their investment deals.
In response to the criticism from many in Silicon Valley, tech giants like Facebook and Twitter are now calling for a “better, more transparent” model.