H.R. 3088 · 116th Congress
Shareholder Protection Act of 2019
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
DuffySponsorNo cosponsors.
This bill directs the Securities and Exchange Commission to increase specified resubmission thresholds for shareholder proposals.
What it does: CRS summary · Introduced in House · Jun 4, 2019
Shareholder Protection Act of 2019
This bill directs the Securities and Exchange Commission to increase specified resubmission thresholds for shareholder proposals. (Current regulations allow the resubmission of a shareholder proposal that has been previously included in an issuer's proxy materials if, when the proposal was last included, it received a specified percentage of the vote; this percentage, which varies depending upon the number of times a proposal has been previously submitted, represents the minimum threshold at which resubmission is permissible.)
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Shareholder Protection Act of 2019
Latest action (Sep 27, 2019): ASSUMING FIRST SPONSORSHIP - Mr. Steil asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 3088, a bill originally introduced by Representative Duffy, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Jun 4, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.