118th Congress · HOUSE BILLBILL

H.R. 4641 — Performance over Politics Act

“To authorize the exclusion of shareholder proposals from proxy or consent solicitation material if such proposals are substantially similar to previously included proposals.”

Finance and financial sector

Introduced Jul 14, 2023

Last action Jul 14, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jul 14, 2023

Step 2

Referred

Jul 14, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill allows an issuer of securities to exclude a shareholder proposal from its proxy materials if that proposal addresses the same subject matter as a previously offered proposal. The bill provides time frames and voting percentages for the previously offered proposal that, if applicable, allow an issuer to exclude the new shareholder proposal.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Jul 14, 2023

Introduced in House

Jul 14, 2023

Referred to the House Committee on Financial Services.