H.R. 5116 · 116th Congress
Corporate Governance Reform and Transparency Act of 2019
Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.
Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.
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
SteilSponsor9 cosponsors · 9 R
R
Barr
DR
R
Riggleman
AW
R
Wagner
TB
R
Budd
LG
R
Gooden
JR
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Rose
JH
R
Hill
WT
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Timmons
TH
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Hollingsworth3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill requires a proxy advisory firm to register with the Securities and Exchange Commission (SEC) and prohibits an unregistered proxy advisory firm from using interstate commerce to provide proxy-voting research, analysis, or recommendations to any client.
What it does: CRS summary · Introduced in House · Nov 15, 2019
Corporate Governance Reform and Transparency Act of 2019
This bill requires a proxy advisory firm to register with the Securities and Exchange Commission (SEC) and prohibits an unregistered proxy advisory firm from using interstate commerce to provide proxy-voting research, analysis, or recommendations to any client.
With respect to these firms, the bill (1) establishes procedures for both registration and termination of registration; (2) requires each firm to employ an ombudsman, designate a compliance officer, and file specified documents with the SEC; and (3) prohibits unfair, coercive, or abusive practices.
The SEC must report annually on its website regarding registration applications and related matters.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Corporate Governance Reform and Transparency Act of 2019
Latest action (Nov 15, 2019): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Nov 15, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.