Corporate Governance Fairness Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3055 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 3055 To amend the Investment Advisers Act of 1940 to require proxy advisory firms to register as investment advisers under that Act, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES October 23, 2025 Mr. Reed (for himself and Mr. Tillis) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To amend the Investment Advisers Act of 1940 to require proxy advisory firms to register as investment advisers under that Act, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Corporate Governance Fairness Act''. SEC. 2. PROXY ADVISORY FIRMS. The Investment Advisers Act of 1940 (15 U.S.C. 80b-1 et seq.) is amended-- (1) in section 202(a) (15 U.S.C. 80b-2(a))-- (A) in paragrap…