House Bill 4662
118th Congress(2023-2024)
Corporate Governance Examination Act
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
4662
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
Corporate Governance Examination Act
This bill requires the Securities and Exchange Commission (SEC) to regularly report on shareholder proposals, proxy advisory firms, and the proxy process. (Proxy advisory firms provide voting services and advice to institutional investors in public companies for proposals presented at shareholder meetings.)
Specifically, the SEC must report every five years on the financial incentives and obligations involved, whether the process no longer serves the economic interests of long-term investors, and an assessment of shareholder proposal requirements, among other topics.
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
Nov 8, 2024 7:21:42 PM