summary
Introduced
07/14/2023
07/14/2023
In Committee
07/14/2023
07/14/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To authorize the exclusion of shareholder proposals from proxy or consent solicitation material if such proposals are substantially similar to previously included proposals.
AI Summary
This bill, the Performance over Politics Act, would authorize the Securities and Exchange Commission (SEC) to revise the resubmission requirements for shareholder proposals. Specifically, the bill would allow companies to exclude from their proxy materials shareholder proposals that are substantially similar to proposals that have been previously included in the proxy materials over the past 5 years, if the most recent vote on the similar proposal received less than 10% of the votes cast (if voted on once), less than 20% of the votes cast (if voted on twice), or less than 40% of the votes cast (if voted on three or more times) during that 5-year period.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 07/14/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/4641/all-info |
| BillText | https://www.congress.gov/118/bills/hr4641/BILLS-118hr4641ih.pdf |
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