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HR 4790 118th Congress House Finance and Financial Sector Administrative law and regulatory procedures Advisory bodies Business records Congressional oversight Consumer affairs Corporate finance and management European Union Financial services and investments Foreign and international corporations Government studies and investigations Internet, web applications, social media Securities Securities and Exchange Commission (SEC)

American FIRST Act of 2023

Introduced: July 20, 2023 Introduced by: Huizenga, Bill Republican · Michigan 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 19 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 23, 2024
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 19, 2024
Considered under the provisions of rule H. Res. 1455. (consideration: CR H5477-5494)
Sep 19, 2024
Motion to reconsider laid on the table Agreed to without objection.
Sep 19, 2024
On passage Passed by the Yeas and Nays: 215 - 203, 1 Present (Roll no. 435). (text of amendment in the nature of a substitute: CR H5477-5486)
Sep 19, 2024
On motion to recommit Failed by the Yeas and Nays: 206 - 211 (Roll no. 434).
Sep 19, 2024
Considered as unfinished business. (consideration: CR H5496-5498)
Sep 19, 2024
POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 4790, the Chair put the question on the motion to recommit and by voice vote, announced that the ayes had prevailed. Mr. Huizenga demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Sep 19, 2024
The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
Sep 19, 2024
Mr. Casten moved to recommit to the Committee on Financial Services. (text: CR H5494)
Sep 19, 2024
The previous question was ordered pursuant to the rule.
Sep 19, 2024
DEBATE - The House proceeded with one hour of debate on H.R. 4790.
Sep 19, 2024
Rule provides for consideration of H.R. 3724, H.R. 4790, H.R. 5179, H.R. 5339, H.R. 5717, H.R. 7909 and H.J. Res. 136. The resolution provides for consideration of H.R. 3724 and H.R. 5717 under a structured rule and H.R. 4790, H.R. 5179, H.R. 5339, H.R. 7909, and H.J. Res. 136 under a closed rule. The resolution provides for one hour of general debate and one motion to recommit on each measure.
Sep 17, 2024
Rules Committee Resolution H. Res. 1455 Reported to House. Rule provides for consideration of H.R. 3724, H.R. 4790, H.R. 5179, H.R. 5339, H.R. 5717, H.R. 7909 and H.J. Res. 136. The resolution provides for consideration of H.R. 3724 and H.R. 5717 under a structured rule and H.R. 4790, H.R. 5179, H.R. 5339, H.R. 7909, and H.J. Res. 136 under a closed rule. The resolution provides for one hour of general debate and one motion to recommit on each measure.
Dec 22, 2023
Placed on the Union Calendar, Calendar No. 275.
Dec 22, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-336.
Jul 27, 2023
Committee Consideration and Mark-up Session Held
Jul 27, 2023
Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 21.
Jul 20, 2023
Referred to the House Committee on Financial Services.
Jul 20, 2023
Introduced in House
 Votes taken on this bill 2
DateChamberWhat was voted onResultYes–No
Sep 19, 2024 House · vote #435 On Passage Passed 215–203 See who voted →
Sep 19, 2024 House · vote #434 On Motion to Recommit Failed 206–211 See who voted →
 Amendments to this bill 1

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

1 agreed to

AmendmentSponsorPurposeStatusLatest action
HAMDT 1,201 — Pursuant to the provisions of H. Res. 1455, in lieu of the amendment in the nature of a substitute recommende… Agreed to Sep 19, 2024
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 Plain-English summary Congressional Research Service

Guiding Uniform and Responsible Disclosure Requirements and Information Limits Act of 2023 or the GUARDRAIL Act of 2023

This bill limits the disclosures required by issuers of securities as a result of a rulemaking and establishes the Public Company Advisory Committee.

First, the bill requires the Securities and Exchange Commission (SEC) to limit issuer disclosure requirements made in a rulemaking. Specifically, the SEC must provide that an issuer of securities is only required to disclose information in response to a rulemaking if the issuer determines that this information is material with respect to a voting or investment decision regarding the issuer’s securities.

The bill also requires the SEC to report on its website each required disclosure of nonmaterial information under current federal securities laws and regulations and a justification for the disclosure. The SEC must report this information to Congress every five years. The bill also establishes that a person's failure to disclose such nonmaterial information is not a liability in a private action.

Further, the bill establishes the Public Company Advisory Committee within the SEC. The committee must advise the SEC on regulatory priorities, public reporting and corporate governance of public companies, shareholder meetings and the proxy process, and other topics. The committee must be comprised of individuals who are officials of public companies, have senior managerial responsibility in associations that represent the interests of public companies, or provide professional advice and services to public companies.  

Finally, the bill requires the SEC to report on the effects of the European Union's directives on corporate sustainability, particularly on U.S. companies, consumers, and investors.  

What's happening now September 23, 2024

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Related & companion bills 8
  • HR 4652 Related bill Public Company Advisory Committee Act of 2023
  • HR 4653 Related bill Protecting U.S. Business Sovereignty Act
  • HR 4628 Related bill To amend the Securities Exchange Act of 1934 to require the Securities and Exchange Commission to disclose and report o…
  • HRES 1455 Related bill Providing for consideration of the bill (H.R. 3724) to amend the Higher Education Act of 1965 to prohibit recognized ac…
  • HR 4589 Related bill To amend the Securities Exchange Act of 1934 to provide for the registration of proxy advisory firms, and for other pur…
  • HR 4600 Related bill Protecting Retail Investors’ Savings Act
  • HR 4823 Related bill American FIRST Act of 2023
  • HR 4625 Related bill Protecting U.S. Business Sovereignty Act
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Republican 2
R
Lucas, Frank D.
Oklahoma · Jul 20, 2023
 R
Meuser, Daniel
Pennsylvania · Jul 20, 2023
Mooney, Alexander
· Jul 20, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4790: Prioritizing Economic Growth Over Woke Policies Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-4790/
MLA
"H.R. 4790: Prioritizing Economic Growth Over Woke Policies Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-4790/.
Bluebook (legal)
H.R. 4790, 118th Cong. (2026), https://openamerica.io/bill/118-HR-4790/.
Markdown link
[H.R. 4790: Prioritizing Economic Growth Over Woke Policies Act](https://openamerica.io/bill/118-HR-4790/)
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