summary
Introduced
07/10/2018
07/10/2018
In Committee
07/11/2018
07/11/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Enhancing Multi-Class Stock Disclosures Act This bill amends the Securities Exchange Act of 1934 to require an issuer with a multi-class share structure to disclose certain information regarding the voting power of specified persons.
AI Summary
This bill amends the Securities Exchange Act of 1934 to require issuers with a multi-class share structure (a capitalization structure with two or more classes of securities having differing voting rights) to disclose certain information in any proxy or consent solicitation material. Specifically, the bill requires disclosure of the number of shares and the voting power percentage held by each director, director nominee, named executive officer, and beneficial owner of 5% or more of the issuer's voting securities.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Placed on the Union Calendar, Calendar No. 677. (on 07/31/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
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