Rejecting Extremist Shareholder Proposals that Inhibit and Thwart Enterprise for Businesses Act

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.