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119th Congress Finance and Financial Sector

H.R. 3357: Enhancing Multi-Class Share Disclosures Act

Passed HouseJul 23, 2025

  1. Introduced (completed)May 13, 2025
  2. Passed House (completed)Jul 23, 2025, 381–31
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, May 13, 2025

This bill requires issuers of securities with multi-class share structures to disclose certain information in any proxy solicitation or consent solicitation material. A multi-class share structure occurs when a company issues two or more classes of shares that have different voting rights. For example, a company may issue one class of shares with no or few voting rights for the public, and another class with more voting rights for company founders and executives.

Under the bill, the issuer must disclose certain information about each director, director nominee, named executive officer, and each beneficial owner of securities with 5% or more of the total combined voting power of all classes of securities entitled to vote in the election of directors. Specifically, the issuer must disclose (1) the number of shares of all classes of securities entitled to vote in the election of directors beneficially owned by such person, and (2) the amount of voting power held by such person.

Written by the Congressional Research Service, Library of Congress.

Key votes

House final vote, Jul 23, 2025

On Motion to Suspend the Rules and Pass, as Amended

Passed 381–31

Yea 381two-thirds 275Nay 31

  • Democrats205 yea, 0 nay
  • Republicans175 yea, 31 nay
  • Independents1 yea, 0 nay

Broke with their party: Keith Self (R-TX), Victoria Spartz (R-IN), Chip Roy (R-TX), Scott Perry (R-PA), Robert Onder (R-MO), Ralph Norman (R-SC), Rich McCormick (R-GA), Cory Mills (R-FL), Barry Moore (R-AL) and Mary Miller (R-IL) voted Nay; and 21 more

See how all 412 members voted

Showing 430 of 430 members

Yea 381

Republicans (175)

Democrats (205)

Independents (1)

Nay 31

Not voting 18

Senate

Not yet voted

Passed the House Jul 23, 2025. Awaiting Senate action.

Roll calls

1 vote on this bill

Showing 1 of 1 roll calls

  • Jul 23, 2025HouseOn Motion to Suspend the Rules and Pass, as AmendedFinal passagePassed, yea-nay 381–31
    Roll call 217 tally by party
    PartyYeaNayPresentNot voting
    Democrats205007
    Republicans17531011
    Independents1000
    Total38131018

    House roll call 217: On Motion to Suspend the Rules and Pass, as Amended. Passed.

    31 crossed party lines: 31 Republicans

    How each member voted (430)

Amendments

0 offered

No amendments were offered to this bill.

Who scored on this bill

248 points earned
  1. 1Gregory Meeks D-NY SponsorIntroduced, marked up, reported, passed House4 events+62
  2. 2Tom Barrett R-MI1 maverick vote1 event+6
  3. 2Aaron Bean R-FL1 maverick vote1 event+6
  4. 2Andy Biggs R-AZ1 maverick vote1 event+6
  5. 2Sheri Biggs R-SC1 maverick vote1 event+6
See all scorers and every scoring event

Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Gregory Meeks

History

  1. Jul 23, 2025Passed the House, 381–31.
  2. May 13, 2025Introduced in the House by Gregory Meeks.
Show the full action history (15 actions)
  1. Jul 24, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Jul 23, 2025Considered as unfinished business. (consideration: CR H3621-3622)
  3. Jul 23, 2025Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 381 - 31 (Roll no. 217). (text: 07/21/2025 CR H3508)
  4. Jul 23, 2025On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 381 - 31 (Roll no. 217). (text: 07/21/2025 CR H3508)
  5. Jul 23, 2025Motion to reconsider laid on the table Agreed to without objection.
  6. Jul 21, 2025Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
  7. Jul 21, 2025Considered under suspension of the rules. (consideration: CR H3508)
  8. Jul 21, 2025DEBATE - The House proceeded with forty minutes of debate on H.R. 3357.
  9. Jul 21, 2025At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
  10. Jun 3, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-120.
  11. Jun 3, 2025Placed on the Union Calendar, Calendar No. 90.
  12. May 20, 2025Committee Consideration and Mark-up Session Held
  13. May 20, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.
  14. May 13, 2025Introduced in House
  15. May 13, 2025Referred to the House Committee on Financial Services.