OFFICIAL LEGAL TITLE
Proxy Advice Disclosure Act
FREQUENTLY ASKED QUESTIONS
What is the official ID of this bill?
The official print number for this legislation is 117_HR_9488.
Which chamber initiated this legislation?
This legislation was initiated in the House of Representatives.
When did the legislative process begin?
The process officially started on 2022-12-12.
What are the main provisions?
Key points include:
- Advisory firms must provide their recommendations to the subject companies before they are disseminated to investors.
- Investors will gain easy access to companies' responses regarding the advisors' recommendations.
- Advisory firms will be required to disclose their methodology, information sources, and any conflicts of interest.
What is the specific legal status?
The current status is Expired.
Where can I read the full text of this legislation?
The full official text is available at:
View full text
Who is the primary sponsor?
The primary sponsor is Rep. Donalds, Byron [R-FL-19].
What is the latest detailed status?
The latest detailed status is: Referred to the House Committee on Financial Services.
Is this summary verified?
Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.