Bill > S3703

This bill, the Rejecting Extremist Shareholder Proposals that Inhibit and Thwart Enterprise for Businesses Act (RESPITE for Businesses Act), allows issuers (companies that offer securities for public sale) to exclude shareholder proposals from their proxy materials without regard to whether the proposal relates to a significant social policy issue. This effectively overrides the current Securities and Exchange Commission (SEC) regulation that requires issuers to include shareholder proposals related to significant social policy issues, even if the issuer would otherwise be able to exclude the proposal.