H.R. 3088 · 116th Congress
Shareholder Protection Act of 2019
- Stage
- In committee
- Sponsor
- Sean Duffy
- Introduced
- 2019-06-04
- Latest action
- 2019-09-27 · 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.
Summary
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.)