Bill > HR4662

This bill, the Corporate Governance Examination Act, requires the Securities and Exchange Commission (SEC) to conduct comprehensive studies every 5 years on shareholder proposals, proxy advisory firms, and the proxy process. The studies will cover issues such as the financial and other incentives of groups involved in the proxy process, whether the process serves the economic interests of long-term retail investors, the influence and impact of proxy advisors, the costs incurred by issuers in responding to certain shareholder proposals, and the extent to which the politicization of the shareholder proposal process affects public companies. The SEC is required to issue reports on the findings of these studies to the relevant congressional committees.

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https://www.congress.gov/bill/118th-congress/house-bill/4662/all-info