118 S3703 IS: Rejecting Extremist Shareholder Proposals that Inhibit and Thwart Enterprise for Businesses Act U.S. Senate 2024-01-31 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II118th CONGRESS2d SessionS. 3703IN THE SENATE OF THE UNITED STATESJanuary 31, 2024Mr. Hagerty introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban AffairsA BILLTo clarify that an issuer may exclude a shareholder proposal pursuant to section 240.14a–8(i) of title 17, Code of Federal Regulations, without regard to whether that proposal relates to a significant social policy issue.

1.

Short title

This Act may be cited as the Rejecting Extremist Shareholder Proposals that Inhibit and Thwart Enterprise for Businesses Act or the RESPITE for Businesses Act.

2.

Exclusions available regardless of significant social policy issue

An issuer may exclude a shareholder proposal pursuant to section 240.14a–8(i) of title 17, Code of Federal Regulations, or any successor regulation, without regard to whether that shareholder proposal relates to a significant social policy issue.