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H.R. 3357 119th Congress House

Enhancing Multi-Class Share Disclosures Act

Official title: To amend the Securities Exchange Act of 1934 to require issuers with a multi-class stock structure to make certain disclosures in any proxy or consent solicitation material, and for other purposes.

Introduced: May 13, 2025 Introduced by: Gregory W. Meeks Democratic · New York See on congress.gov
Finance and Financial Sector Consumer affairsCorporate finance and managementFinancial services and investmentsSecurities
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 Everywhere this bill has been 14 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 24, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 23, 2025
Considered as unfinished business. (consideration: CR H3621-3622)
Jul 23, 2025
Motion to reconsider laid on the table Agreed to without objection.
Jul 23, 2025
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 381 - 31 (Roll no. 217). (text: 07/21/2025 CR H3508)
Jul 21, 2025
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Jul 21, 2025
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
Jul 21, 2025
DEBATE - The House proceeded with forty minutes of debate on H.R. 3357.
Jul 21, 2025
Considered under suspension of the rules. (consideration: CR H3508)
Jun 3, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-120.
Jun 3, 2025
Placed on the Union Calendar, Calendar No. 90.
May 20, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.
May 20, 2025
Committee Consideration and Mark-up Session Held
May 13, 2025
Introduced in House
May 13, 2025
Referred to the House Committee on Financial Services.
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Jul 23, 2025 House · vote #217 On Motion to Suspend the Rules and Pass, as Amended Passed 381–31 See who voted →
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What's happening now July 24, 2025

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

 Plain-English summary Congressional Research Service

Enhancing Multi-Class Share Disclosures Act

This bill requires issuers of securities with multi-class share structures to disclose certain information in any proxy solicitation or consent solicitation material. A multi-class share structure occurs when a company issues two or more classes of shares that have different voting rights. For example, a company may issue one class of shares with no or few voting rights for the public, and another class with more voting rights for company founders and executives.

Under the bill, the issuer must disclose certain information about each director, director nominee, named executive officer, and each beneficial owner of securities with 5% or more of the total combined voting power of all classes of securities entitled to vote in the election of directors. Specifically, the issuer must disclose (1) the number of shares of all classes of securities entitled to vote in the election of directors beneficially owned by such person, and (2) the amount of voting power held by such person.

 Hearings & markups 1
  • Various Measures
    Markup May 20, 2025 · 10:00 AM EDT · Financial Services Committee
 Related & companion bills 1
  • S 3831 Enhancing Multi-Class Share Disclosures Act
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Lobbying activity 7

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

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APA
U.S. Congress. (2026). H.R. 3357: Enhancing Multi-Class Share Disclosures Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-3357/
MLA
"H.R. 3357: Enhancing Multi-Class Share Disclosures Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-3357/.
Bluebook (legal)
H.R. 3357, 119th Cong. (2026), https://openamerica.io/bill/119-HR-3357/.
Markdown link
[H.R. 3357: Enhancing Multi-Class Share Disclosures Act](https://openamerica.io/bill/119-HR-3357/)
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