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Politiparty

118th Congress Finance and Financial Sector

H.R. 4662: Corporate Governance Examination Act

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 requires the Securities and Exchange Commission (SEC) to regularly report on shareholder proposals, proxy advisory firms, and the proxy process. (Proxy advisory firms provide voting services and advice to institutional investors in public companies for proposals presented at shareholder meetings.)

Specifically, the SEC must report every five years on the financial incentives and obligations involved, whether the process no longer serves the economic interests of long-term investors, and an assessment of shareholder proposal requirements, among other topics.

Written by the Congressional Research Service, Library of Congress.

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Other bills by Ann Wagner

History

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