Bill
Bill > HR4657
US HR4657
US HR4657To clarify that an issuer may exclude a shareholder proposal pursuant to section 240.14a-8(i) of title 17, Code of Federal Regulations, without regard to whether such proposal relates to a significant social policy issue.
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 clarify that an issuer may exclude a shareholder proposal pursuant to section 240.14a-8(i) of title 17, Code of Federal Regulations, without regard to whether such proposal relates to a significant social policy issue.
AI Summary
This bill clarifies that an issuer (a company that issues securities) may exclude a shareholder proposal from its proxy materials pursuant to section 240.14a-8(i) of the Code of Federal Regulations, regardless of whether the proposal relates to a significant social policy issue. This means that companies would have more flexibility to exclude shareholder proposals that deal with social policy matters, without having to consider whether those matters are deemed "significant" under the relevant regulations.
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/4657/all-info |
| BillText | https://www.congress.gov/118/bills/hr4657/BILLS-118hr4657ih.pdf |
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