arrow_back Back to App

Protecting Savings: Banning Automated Corporate Voting

This act aims to prohibit automated voting in corporate matters, increasing the independence of investor decisions. These changes may affect how companies, where citizens have their savings, are managed by increasing control over the voting process.
Key points
Prohibits 'robovoting' in corporate matters, meaning decisions cannot be made without independent review.
Institutional investors will not be allowed to outsource their voting decisions on behalf of clients.
No person will be required to cast votes in corporate matters, providing greater freedom of choice.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_4656
Sponsor: Rep. Nunn, Zachary [R-IA-3]
Process start date: 2023-07-14
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Protecting American’s Savings Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4656.

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:

  • Prohibits 'robovoting' in corporate matters, meaning decisions cannot be made without independent review.
  • Institutional investors will not be allowed to outsource their voting decisions on behalf of clients.
  • No person will be required to cast votes in corporate matters, providing greater freedom of choice.
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. Nunn, Zachary [R-IA-3].

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 Courts and Law