Politiparty
Politiparty

118th Congress Finance and Financial Sector

H.R. 4657: To clarify that an issuer may exclude a shareholder proposal pursuant to section 240.14a-8(i) of title 17, Code of Federal Regulations, without regard to whether such proposal relates to a significant social policy issue.

Introduced

  1. Introduced (completed)Jul 14, 2023
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Jul 14, 2023

This bill allows an issuer of securities to exclude a shareholder proposal from proxy statements despite the proposal relating to a significant social policy issue. Currently, an issuer may exclude a proposal if it deals with a matter relating to its ordinary business operations unless the proposal raises a significant social policy issue.

Written by the Congressional Research Service, Library of Congress.

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Other bills by John Rose

History

  1. Jul 14, 2023Introduced in the House by John Rose.
Show the full action history (2 actions)
  1. Jul 14, 2023Introduced in House
  2. Jul 14, 2023Referred to the House Committee on Financial Services.