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HR 5116 116th 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 2019

Introduced: December 12, 2019 Introduced by: Steil, Bryan Republican · Wisconsin See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 15, 2019
Referred to the House Committee on Financial Services.
Nov 15, 2019
Introduced in House
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 Plain-English summary Congressional Research Service

Corporate Governance Reform and Transparency Act of 2019

This bill requires a proxy advisory firm to register with the Securities and Exchange Commission (SEC) and prohibits an unregistered proxy advisory firm from using interstate commerce to provide proxy-voting research, analysis, or recommendations to any client.

With respect to these 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.

The SEC must report annually on its website regarding registration applications and related matters.

What's happening now November 15, 2019

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 8
All 8 Republican 7
Hollingsworth, Trey
· Dec 12, 2019
 R
Hill, J. French
Arkansas · Nov 22, 2019
 R
Timmons, William R.
South Carolina · Nov 22, 2019
 R
Budd, Ted
North Carolina · Nov 21, 2019
 R
Gooden, Lance
Texas · Nov 21, 2019
 R
Rose, John W.
Tennessee · Nov 21, 2019
 R
Barr, Andy
Kentucky · Nov 15, 2019
 R
Wagner, Ann
Missouri · Nov 15, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5116: Corporate Governance Reform and Transparency Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-5116/
MLA
"H.R. 5116: Corporate Governance Reform and Transparency Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-5116/.
Bluebook (legal)
H.R. 5116, 116th Cong. (2026), https://openamerica.io/bill/116-HR-5116/.
Markdown link
[H.R. 5116: Corporate Governance Reform and Transparency Act of 2019](https://openamerica.io/bill/116-HR-5116/)
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