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Limiting Shareholder Proposals in Companies

This new law changes how many shareholder proposals companies must include. It aims to focus on financial matters rather than social or environmental ones. For citizens, this means companies might pay less attention to non-financial aspects, which could influence their investment choices.
Key points
Companies will be required to include fewer shareholder proposals, depending on their size (from 2 to 7 proposals).
Shareholder proposals must have a "material financial effect" on the company to be included.
Social, environmental, political, or ideological issues will not be considered "financially material" for these proposals.
Companies will decide which qualifying proposals to include, and the order of receipt will not matter.
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Status:
Expired
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Additional Information
Print number: 118_HR_10020
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2024-10-22
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Stop Woke Investing Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_10020.

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 2024-10-22.

What are the main provisions?

Key points include:

  • Companies will be required to include fewer shareholder proposals, depending on their size (from 2 to 7 proposals).
  • Shareholder proposals must have a "material financial effect" on the company to be included.
  • Social, environmental, political, or ideological issues will not be considered "financially material" for these proposals.
  • Companies will decide which qualifying proposals to include, and the order of receipt will not matter.
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. Biggs, Andy [R-AZ-5].

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 2025-12-24.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy