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 prohibits the use of robovoting, or automatic voting in a shareholder vote according to the recommendations of a proxy advisory firm. (Proxy advisory firms provide voting services and advice to clients who invest in public companies for proposals presented at shareholder meetings.) Further, the bill prohibits institutional investors from outsourcing any such voting decisions. Finally, under the bill, no person is required to vote in a shareholder vote.
Timeline · 2 actions
Jul 14, 2023
Introduced in House
Jul 14, 2023
Referred to the House Committee on Financial Services.