House Bill 5756
115th Congress(2017-2018)
To require the Securities and Exchange Commission to adjust certain resubmission thresholds for shareholder proposals.
Introduced
Introduced in House on May 10, 2018
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5756
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
Summary
This bill directs the Securities and Exchange Commission to raise the vote percentage amounts below which a company may exclude, from its proxy materials, resubmission of a shareholder proposal that previously failed passage. (Shareholder proposals previously included in the issuer's proxy materials may be excluded by the company from subsequent proxy materials if the proposal received less than a specified percentage of the vote the last time it was included. The percentage varies depending upon the number of times the proposal has been submitted previously.)
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08/24/2018
Placed on the Union Calendar, Calendar No. 700.
08/24/2018
Reported by the Committee on Financial Services. H. Rept. 115-904.
06/07/2018
Ordered to be Reported by the Yeas and Nays: 34 - 22.
06/07/2018
Committee Consideration and Mark-up Session Held.
05/10/2018
Referred to the House Committee on Financial Services.
05/10/2018
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:39:33 PM