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HR 4662 118th Congress House Finance and Financial Sector

Corporate Governance Examination Act

Introduced: July 14, 2023 Introduced by: Wagner, Ann Republican · Missouri See on congress.gov
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 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
 Plain-English summary Congressional Research Service

Corporate Governance Examination Act

This bill requires the Securities and Exchange Commission (SEC) to regularly report on shareholder proposals, proxy advisory firms, and the proxy process. (Proxy advisory firms provide voting services and advice to institutional investors in public companies for proposals presented at shareholder meetings.)

Specifically, the SEC must report every five years on the financial incentives and obligations involved, whether the process no longer serves the economic interests of long-term investors, and an assessment of shareholder proposal requirements, among other topics.   

What's happening now July 14, 2023

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1