118th Congress · SENATE BILLBILL

S. 3703 — RESPITE for Businesses Act

“A bill 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 that proposal relates to a significant social policy issue.”

Finance and financial sector

Introduced Jan 31, 2024

Last action Jan 31, 2024

Pipeline · Bill → Law

Step 1

Introduced

Jan 31, 2024

Step 2

Referred

Jan 31, 2024

Banking, Housing, and Urban Affairs

Step 3

Committee

Step 4

Senate

Step 5

House floor

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 whether the proposal relates 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 · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Jan 31, 2024

Introduced in Senate

Jan 31, 2024

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.