HR 4015
115th Congress
House
Finance and Financial Sector
Administrative remedies
Business ethics
Competition and antitrust
Corporate finance and management
Government information and archives
Licensing and registrations
Securities
Securities and Exchange Commission (SEC)
Corporate Governance Reform and Transparency Act of 2017
Introduced: October 11, 2017
See on congress.gov
Everywhere this bill has been
23 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 6, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-455.
Jun 28, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-406.
Dec 21, 2017
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 20, 2017
Motion to reconsider laid on the table Agreed to without objection.
Dec 20, 2017
On passage Passed by the Yeas and Nays: 238 - 182 (Roll no. 702). (text: CR H10313-10315)
Dec 20, 2017
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 238 - 182 (Roll no. 702).(text: CR H10313-10315)
Dec 20, 2017
On motion to recommit with instructions Failed by the Yeas and Nays: 189 - 231 (Roll no. 701).
Dec 20, 2017
POSTPONED PROCEEDINGS - At the conclusion of debate on the motion to recommit with instructions, the Chair put the question on the motion and by voice vote, announced that the noes had prevailed. Mr. Sarbanes demanded the yeas and nays and the Chair postponed further proceedings on the motion to recommit with instructions until a time to be announced.
Dec 20, 2017
The previous question on the motion to recommit with instructions was ordered without objection.
Dec 20, 2017
DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to exempt proxy voting recommendations on shareholder proposals related to political campaign contributions of a company.
Dec 20, 2017
Mr. Sarbanes moved to recommit with instructions to the Committee on Financial Services. (text: CR H10328)
Dec 20, 2017
The previous question was ordered pursuant to the rule.
Dec 20, 2017
DEBATE - The House proceeded with one hour of debate on H.R. 4015.
Dec 20, 2017
Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Rule provides for one hour of general debate for each bill. The amendment in the nature of a substitute printed in H.R. 2396 shall be considered as adopted. The rule also makes in order the amendment printed in the report. An amendment in the nature of a substitute to H.R. 4015 consisting of Rules Committee Print 115-46, shall be considered as adopted.
Dec 20, 2017
Considered under the provisions of rule H. Res. 657. (consideration: CR H10313-10330)
Dec 13, 2017
Rule H. Res. 657 passed House.
Dec 12, 2017
Rules Committee Resolution H. Res. 657 Reported to House. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Rule provides for one hour of general debate for each bill. The amendment in the nature of a substitute printed in H.R. 2396 shall be considered as adopted. The rule also makes in order the amendment printed in the report. An amendment in the nature of a substitute to H.R. 4015 consisting of Rules Committee Print 115-46, shall be considered as adopted.
Dec 7, 2017
Placed on the Union Calendar, Calendar No. 333.
Dec 7, 2017
Reported by the Committee on Financial Services. H. Rept. 115-451.
Nov 15, 2017
Ordered to be Reported by the Yeas and Nays: 40 - 20.
Nov 15, 2017
Committee Consideration and Mark-up Session Held.
Oct 11, 2017
Referred to the House Committee on Financial Services.
Oct 11, 2017
Introduced in House
Votes taken on this bill
2
| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| Dec 20, 2017 | House · vote #702 | On Passage | Passed | 238–182 | See who voted → |
| Dec 20, 2017 | House · vote #701 | On Motion to Recommit with Instructions | Failed | 189–231 | See who voted → |
Plain-English summary
Corporate Governance Reform and Transparency Act of 2017
(Sec. 3) This bill amends the Securities Exchange Act of 1934 to: (1) require a proxy advisory firm to register with the Securities and Exchange Commission (SEC); and (2) prohibit an unregistered proxy advisory firm from using interstate commerce to provide proxy-voting research, analysis, or recommendations to any client.
With respect to such firms, the bill: (1) establishes procedures for both registration and termination of registration; (2) requires each firm to employ an ombudsman, designate a compliance officer, and file specified documents with the SEC; and (3) prohibits unfair, coercive, or abusive practices.
(Sec. 4) The SEC shall report annually on its website regarding registration applications and related matters.
What's happening now
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-455.
Committees of jurisdiction
2
Cosponsors
1