arrow_back Back to App

Changes to Shareholder Voting and Company Proposals

This act modifies rules on how shareholders can influence company decisions, including voting and submitting proposals. It aims to increase transparency and make it easier for shareholders to express their views, potentially impacting the management of companies citizens invest in.
Key points
Defines what constitutes "soliciting" in shareholder voting, including paid proxy voting advice.
Amends rules for shareholder proposals, requiring ownership of at least 1% of a company's market value.
Removes the requirement for companies to automatically comply with shareholder proposal rules unless they agree to it.
Introduces changes that may make it easier for companies to exclude shareholder proposals, regardless of their social policy significance.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_3945
Sponsor: Sen. Hagerty, Bill [R-TN]
Process start date: 2022-03-29
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Restoring Shareholder Transparency Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3945.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-03-29.

What are the main provisions?

Key points include:

  • Defines what constitutes "soliciting" in shareholder voting, including paid proxy voting advice.
  • Amends rules for shareholder proposals, requiring ownership of at least 1% of a company's market value.
  • Removes the requirement for companies to automatically comply with shareholder proposal rules unless they agree to it.
  • Introduces changes that may make it easier for companies to exclude shareholder proposals, regardless of their social policy significance.
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 Sen. Hagerty, Bill [R-TN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Economy