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Increased Transparency for Companies with Multi-Class Share Structures

New rules will enhance transparency for companies with different classes of shares and varying voting rights. This will give citizens who are investors easier access to information about who truly controls a company and how many votes they hold. This will help in making more informed investment decisions.
Key points
Companies must disclose the number of shares and voting power held by key individuals (directors, nominees, executive officers, and those with 5% or more voting power).
This information will be available in materials sent before annual shareholder meetings, making it easier to review.
The goal is to increase investor awareness regarding the control structure in companies with multi-class shares.
article Official text account_balance Process page
VOTING RESULTS
2025-07-23
92%
For 381
Against 31
Abstain 0
Full voting results open_in_new
Passed House
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3357
Sponsor: Rep. Meeks, Gregory W. [D-NY-5]
Process start date: 2025-05-13
Voting date: 2025-07-23
Meeting no: 1
Voting no: 217
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

Enhancing Multi-Class Share Disclosures Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3357.

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 2025-05-13.

What are the main provisions?

Key points include:

  • Companies must disclose the number of shares and voting power held by key individuals (directors, nominees, executive officers, and those with 5% or more voting power).
  • This information will be available in materials sent before annual shareholder meetings, making it easier to review.
  • The goal is to increase investor awareness regarding the control structure in companies with multi-class shares.
What is the specific legal status?

The current status is Passed House.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Meeks, Gregory W. [D-NY-5].

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 381 - 31 (Roll no. 217). (text: 07/21/2025 CR H3508)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Economy