HR 4015 · 115th Congress · Finance and Financial Sector
Corporate Governance Reform and Transparency Act of 2017
Bill Progress
1
Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-455.(2018-12-06)
Recorded Votes
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Plain Language Summary
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Corporate Governance Reform and Transparency Act of 2017 This bill amends the Securities Exchange Act of 1934 to: (1) require a proxy advisory firm to register with the Securities and Exchange Commission (SEC); and (2) prohibit an unregistered proxy advisory firm from using interstate commerce to provide proxy-voting research, analysis, or recommendations to any client. With respect to such firms, the bill: (1) establishes procedures for both registration and termination of registration; (2) requires each firm to employ an ombudsman, designate a compliance officer, and file specified documents with the SEC; and (3) prohibits unfair, coercive, or abusive practices. The SEC shall report annually on its website regarding registration applications and related matters.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 4015, Corporate Governance Reform and Transparency Act of 2017
Dec 6, 2017As ordered reported by the House Committee on Financial Services on November 15, 2017
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office