House Bill 4640
118th Congress(2023-2024)
To authorize the exclusion of shareholder proposals from proxy or consent solicitation material if the subject matter of the shareholder proposal is environmental, social, or political.
Introduced
Introduced in House on Jul 14, 2023
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
4640
Congress
118
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 allows an issuer of securities to exclude from its proxy materials a shareholder proposal related to environmental, social, or political issues.
July 14, 2023
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07/14/2023
Referred to the House Committee on Financial Services.
07/14/2023
Introduced in House
Public Record
Record Updated
Apr 23, 2024 11:56:26 PM