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H.R. 4656 118th Congress House

Protecting American’s Savings Act

Official title: To amend the Securities Exchange Act of 1934 to prohibit robovoting with respect to votes related to proxy or consent solicitation materials, and for other purposes.

Introduced: July 14, 2023 Introduced by: Zachary Nunn Republican · Iowa See on congress.gov
Finance and Financial Sector
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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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 14, 2023
Referred to the House Committee on Financial Services.
Jul 14, 2023
Introduced in House
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 Latest action July 14, 2023

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Protecting American’s Savings Act

This bill prohibits the use of robovoting, or automatic voting in a shareholder vote according to the recommendations of a proxy advisory firm. (Proxy advisory firms provide voting services and advice to clients who invest in public companies for proposals presented at shareholder meetings.) Further, the bill prohibits institutional investors from outsourcing any such voting decisions. Finally, under the bill, no person is required to vote in a shareholder vote.

 

 Related & companion bills 1
  • HR 4767 Protecting Americans’ Retirement Savings from Politics Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 4656: Protecting American’s Savings Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-4656/
MLA
"H.R. 4656: Protecting American’s Savings Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-4656/.
Bluebook (legal)
H.R. 4656, 118th Cong. (2026), https://openamerica.io/bill/118-HR-4656/.
Markdown link
[H.R. 4656: Protecting American’s Savings Act](https://openamerica.io/bill/118-HR-4656/)
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