HR 4655
118th Congress
House
Finance and Financial Sector
Business ethics
Minority employment
Women's employment
Businesses Over Activists Act
Introduced: July 14, 2023
Introduced by:
Norman, Ralph
Republican
· South Carolina
See on congress.gov
Everywhere this bill has been
6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 19, 2023
Placed on the Union Calendar, Calendar No. 265.
Dec 19, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-326.
Jul 27, 2023
Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 21.
Jul 27, 2023
Committee Consideration and Mark-up Session Held
Jul 14, 2023
Referred to the House Committee on Financial Services.
Jul 14, 2023
Introduced in House
Plain-English summary
Businesses Over Activists Act
This bill prohibits the Securities and Exchange Commission (SEC) from compelling a publicly traded company to include a shareholder proposal or a discussion of a proposal in a proxy statement. Under current SEC rules, certain qualifying shareholder proposals must be included on a company's proxy statement. Proxy statements are provided to shareholders before shareholder meetings and contain disclosures required by the SEC.
What's happening now
Placed on the Union Calendar, Calendar No. 265.
Committees of jurisdiction
1