HR 3088 · 116th Congress · Finance and Financial Sector

Shareholder Protection Act of 2019

Introduced 2019-06-04· Sponsored by Rep. Duffy, Sean P. [R-WI-7]· House

Bill Progress

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Introduced
✓
Committee
3
House Vote
4
Senate
5
Enacted
Latest: ASSUMING FIRST SPONSORSHIP - Mr. Steil asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 3088, a bill originally introduced by Representative Duffy, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.(2019-09-27)

Plain Language Summary

[AI summary unavailable — showing source text] Shareholder Protection Act of 2019 This bill directs the Securities and Exchange Commission to increase specified resubmission thresholds for shareholder proposals. (Current regulations allow the resubmission of a shareholder proposal that has been previously included in an issuer's proxy materials if, when the proposal was last included, it received a specified percentage of the vote; this percentage, which varies depending upon the number of times a proposal has been previously submitted, represents the minimum threshold at which resubmission is permissible.)…

Summarized by Claude AI · Non-partisan · For informational purposes only