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Limiting Repetitive Shareholder Proposals in Companies.

This bill aims to make it easier for companies to reject shareholder proposals that are very similar to those previously voted on and that did not receive sufficient support. This means companies can focus on more important matters instead of repeatedly considering the same ideas. For citizens who are shareholders, this might mean their proposals need to be more original to be reconsidered.
Key points
Companies can reject shareholder proposals if they were previously voted on within the last 5 years and did not receive adequate support (less than 10%, 20%, or 40% of votes, depending on the number of prior votes).
The goal is to reduce repetitive voting on the same issues, aiming to streamline company management.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_4641
Sponsor: Rep. Fitzgerald, Scott [R-WI-5]
Process start date: 2023-07-14
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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

Performance over Politics Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4641.

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 2023-07-14.

What are the main provisions?

Key points include:

  • Companies can reject shareholder proposals if they were previously voted on within the last 5 years and did not receive adequate support (less than 10%, 20%, or 40% of votes, depending on the number of prior votes).
  • The goal is to reduce repetitive voting on the same issues, aiming to streamline company management.
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. Fitzgerald, Scott [R-WI-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 2025-12-25.

CATEGORIES

Economy