HR 4655 · 118th Congress · Finance and Financial Sector

Businesses Over Activists Act

Introduced 2023-07-14· Sponsored by Rep. Norman, Ralph [R-SC-5]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 265.(2023-12-19)

Plain Language Summary

[AI summary unavailable — showing source text] This bill prohibits the Securities and Exchange Commission (SEC) from compelling a publicly traded company to include a shareholder proposal or a discussion of a proposal in a proxy statement. Under current SEC rules, certain qualifying shareholder proposals must be included on a company's proxy statement. Proxy statements are provided to shareholders before shareholder meetings and contain disclosures required by the SEC.…

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

CBO Cost Estimate

Congressional Budget Office

H.R. 4655, Businesses Over Activists Act

Oct 20, 2023

As ordered reported by the House Committee on Financial Services on July 27, 2023

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office