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Proposal:Corporate Governance Examination Act

This proposal is archived and closed to further debate. It was introduced in the 118th Congress, which has concluded, and the bill was not enacted into law.
Bill HR 4662
Type of Legislation House Bill
Congress 118
Status Archived — 118th Congress concluded
Source View original on Congress.gov
Geographic Scope
National

Description

Corporate Governance Examination Act

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.   

Bill Title

Corporate Governance Examination Act

Linked Goals

Steps

  • 2023-07-14: Referred to the House Committee on Financial Services.
  • 2023-07-14: Introduced in House
  • 2023-07-14: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.

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