S 3703 · 118th Congress · Finance and Financial Sector

RESPITE for Businesses Act

Introduced 2024-01-31· Sponsored by Sen. Hagerty, Bill [R-TN]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2024-01-31)

Plain Language Summary

[AI summary unavailable — showing source text] Rejecting Extremist Shareholder Proposals that Inhibit and Thwart Enterprise for Businesses Act or the RESPITE for Businesses Act This bill allows an issuer of securities to exclude a shareholder proposal from proxy statements despite whether the proposal relates to a significant social policy issue. Currently, an issuer may exclude a proposal if it deals with a matter relating to its ordinary business operations unless the proposal raises a significant social policy issue. …

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