Under Securities and Exchange Commission (SEC) Rule 14a-8, public companies must include shareholder proposals in their proxy materials, provided proposal sponsors comply with the rule’s eligibility and procedural requirements and the proposals do not fall within certain substantive grounds for exclusion. Shareholder…
Read the report ↗H.R. 3402 (119th)Congressional Activities
To amend the Securities Exchange Act of 1934 to require certain disclosures by institutional investment managers in connection with proxy advisory firms, and for other purposes.
Finance and Financial Sector|Finance and Financial Sector
Current stageCommittee
Referred to the House Committee on Financial Services.
Introduced
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Floor
President
Law
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Congressional Activities
Source-heavy congressional process material lives here so the main bill summary can stay focused. Use this tab for committee scheduling, hearings, CRS analysis, committee publications, and amendment text.
CRS reports2
Committee meetings1
CRS Reports
Nonpartisan Congressional Research Service analysis linked directly to this bill.
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Congressional Research Service
CRS analysis
Nonpartisan background and policy analysis tied directly to this bill.
Shareholders of public companies have the right to vote on certain matters—such as director elections, executive compensation plans, and shareholder proposals—at annual and special meetings. Today, most voting shareholders vote by proxy instead of attending annual and special meetings in person. Institutional investor…
Financial Market RegulationSecurities
Read the report ↗Committee Meetings
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1 item
Committee meetings
RecentScheduledHearing•Sep 10, 2025, 2:00 PM
Proxy Power and Proposal Abuse: Reforming Rule 14a-8 to Protect Shareholder Value
2128, Rayburn House Office Building, 2128, Rayburn House Office Building
Meeting documents
H.R. 3402, a bill to amend the Securities Exchange Act of 1934 to require certain disclosures by institutional investment managers in connection with proxy advisory firms, and for other purposesH.R. 4098, the Stopping Proxy Advisor Racketeering ActH.R. ____, a bill to amend the Securities Exchange Act of 1934 to provide for liability for certain failures to disclose material information in connection with proxy voting adviceH.R. ____, a bill to amend the Securities Exchange Act of 1934 to provide for the registration of proxy advisory firms, and for other purposesH.R. ____, a bill to amend the Securities Exchange Act of 1934 to require the Securities and Exchange Commission to disclose and report on non-material disclosure mandates, and for other purposesH.R. ___, a bill to amend the Securities Exchange Act of 1934 with respect to prohibitions relating to the solicitation and influence of proxies
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