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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.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_10020
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2024-10-22
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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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.

CATEGORIES

Economy