HR. 3402In Committee
To amend the Securities Exchange Act of 1934 to require certain disclosures by institutional investment managers in connection with proxy advisory firms, and for other purposes.
Require certain institutional investment managers to disclose how proxy advisory firm recommendations affected votes on shareholder proposals and to certify votes served shareholders' best economic interests
Plain-English overview
What this bill does
Require certain institutional investment managers to disclose how proxy advisory firm recommendations affected votes on shareholder proposals and to certify votes served shareholders' best economic interests
Key points
- Require annual voting disclosures
- Require shareholder interest certification
- Require economic analysis reporting
Current status
Where it stands
Status
In Committee
Latest action
2025-05-14 — Referred to the House Committee on Financial Services.
Related context
Topics and policy areas
undefinedFinance and Financial Sector