118th Congress · HOUSE BILLBILL

H.R. 4657 — To clarify that an issuer may exclude a shareholder proposal pursuant to section 240.14a-8(i) of title 17, Code of Federal Regulations, without regard to whether such proposal relates to a significant social policy issue.

“To clarify that an issuer may exclude a shareholder proposal pursuant to section 240.14a-8(i) of title 17, Code of Federal Regulations, without regard to whether such proposal relates to a significant social policy issue.”

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 proxy statements despite the proposal relating to a significant social policy issue. Currently, an issuer may exclude a proposal if it deals with a matter relating to its ordinary business operations unless the proposal raises a significant social policy issue.

Provisions · 1 sectionsIntroduced in House

Timeline · 2 actions

Jul 14, 2023

Introduced in House

Jul 14, 2023

Referred to the House Committee on Financial Services.