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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
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 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
Introduced in House
Jul 14, 2023
Referred to the House Committee on Financial Services.
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 Plain-English summary Congressional Research Service

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 December 19, 2023

Placed on the Union Calendar, Calendar No. 265.

 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 1

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

  • AFL-CIO
    for AFL-CIO · District of Columbia · 3rd Quarter (July 1 - Sep 30) 2025
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4655: Businesses Over Activists Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-4655/
MLA
"H.R. 4655: Businesses Over Activists Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-4655/.
Bluebook (legal)
H.R. 4655, 118th Cong. (2026), https://openamerica.io/bill/118-HR-4655/.
Markdown link
[H.R. 4655: Businesses Over Activists Act](https://openamerica.io/bill/118-HR-4655/)
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