Shareholder Vote on Executive Compensation Act

3.0.0 1257 2023-01-11T19:56:25Z 2023-01-11T19:56:25Z House H HR 2007-03-01 110 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2007-04-23T18:50:12Z hsba00 Financial Services Committee House Standing Reported by 2007-04-16T20:26:14Z Markup by 2007-03-28T14:12:42Z Hearings by 2007-03-08T14:55:50Z Referred to 2007-03-01T15:00:50Z H. Rept. 110-88 Shareholder Vote on Executive Compensation Act 110 1181 S 2007-04-20 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS Providing for consideration of the bill (H.R. 1257) to amend the Securities Exchange Act of 1934 to provide shareholders with an advisory vote on executive compensation. 110 301 HRES 2007-04-18 Motion to reconsider laid on the table Agreed to without objection. 14:14:54 Procedurally-related House 2007-04-23 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2007-04-20 12:05:39 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2007-04-20 12:05:35 On passage Passed by recorded vote: 269 - 134 (Roll no. 244). Floor H37100 2 House floor actions 244 https://clerk.house.gov/evs/2007/roll244.xml House 110 2007-04-20T16:05:35Z 1 2007-04-20 12:05:35 Passed/agreed to in House: On passage Passed by recorded vote: 269 - 134 (Roll no. 244). Floor 8000 9 Library of Congress 244 https://clerk.house.gov/evs/2007/roll244.xml House 110 2007-04-20T16:05:35Z 1 2007-04-20 11:56:25 On motion to recommit with instructions Failed by the Yeas and Nays: 184 - 222 (Roll no. 243). (consideration: CR H3712-3713; text: CR H3712) Floor H36110 2 House floor actions hsba00 Financial Services Committee 243 https://clerk.house.gov/evs/2007/roll243.xml House 110 2007-04-20T15:56:25Z 1 2007-04-20 11:38:08 The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H3712-3713) Floor H8A000 2 House floor actions 2007-04-20 11:30:03 DEBATE - The House proceeded with ten minutes of debate on the motion to recommit with instructions on H.R. 1257. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment inserting a new paragraph providing a clarification on the non-binding nature of the vote. Floor H8D000 2 House floor actions 2007-04-20 11:30:00 Mr. Feeney moved to recommit with instructions to Financial Services. Floor H36100 2 House floor actions hsba00 Financial Services Committee 2007-04-20 11:29:45 The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union. Floor H34400 2 House floor actions 2007-04-20 11:29:15 The previous question was ordered pursuant to the rule. Floor H35000 2 House floor actions 2007-04-20 11:28:20 The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1257. Floor H32600 2 House floor actions 2007-04-20 10:16:43 POSTPONED PROCEEDINGS - At the conclusion of debate on the Price of Georgia amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mr. Frank demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a later time. Floor H8D000 2 House floor actions 2007-04-20 09:55:03 DEBATE - The Committee of the Whole proceeded with debate on the Price of Georgia amendment under the five-minute rule. Floor H8D000 2 House floor actions 2007-04-20 09:54:07 POSTPONED PROCEEDINGS - At the conclusion of debate on the Putnam amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Putnam demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a later time. Floor H8D000 2 House floor actions 2007-04-20 09:36:18 DEBATE - The Committee of the Whole proceeded with debate on the Putnam amendment under the five-minute rule. Floor H8D000 2 House floor actions 2007-04-20 09:34:56 POSTPONED PROCEEDINGS - At the conclusion of debate on the Price of Georgia amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Price of Georgia demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a later time. Floor H8D000 2 House floor actions 2007-04-20 09:16:00 DEBATE - The Committee of the Whole proceeded with debate on the Price of Georgia amendment under the five-minute rule. Floor H8D000 2 House floor actions 2007-04-20 09:15:06 The House resolved into Committee of the Whole House on the state of the Union for further consideration. Floor H32050 2 House floor actions 2007-04-20 09:15:05 Considered as unfinished business. (consideration: CR H3699-3714) Floor H30000 2 House floor actions 2007-04-18 20:01:48 Committee of the Whole House on the state of the Union rises leaving H.R. 1257 as unfinished business. Floor H32700 2 House floor actions 2007-04-18 20:01:39 On motion that the Committee rise Agreed to by voice vote. Floor H32341 2 House floor actions 2007-04-18 20:01:24 Mr. Frank (MA) moved that the Committee rise. Floor H32340 2 House floor actions 2007-04-18 20:00:26 POSTPONED PROCEEDINGS - At the conclusion of debate on the McHenry amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. McHenry demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a later time. Floor H8D000 2 House floor actions 2007-04-18 19:35:23 DEBATE - The Committee of the Whole proceeded with debate on the McHenry amendment under the five-minute rule. Floor H8D000 2 House floor actions 2007-04-18 19:34:26 POSTPONED PROCEEDINGS - At the conclusion of debate on the Campbell amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Campbell demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a later time. Floor H8D000 2 House floor actions 2007-04-18 19:20:55 DEBATE - The Committee of the Whole proceeded with debate on the Campbell amendment under the five-minute rule. Floor H8D000 2 House floor actions 2007-04-18 19:19:59 POSTPONED PROCEEDINGS - At the conclusion of debate on the Garrett amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Garrett demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a later time. Floor H8D000 2 House floor actions 2007-04-18 19:01:12 DEBATE - The Committee of the Whole proceeded with debate on the Garrett amendment under the five-minute rule. Floor H8D000 2 House floor actions 2007-04-18 19:00:24 POSTPONED PROCEEDINGS - At the conclusion of debate on the Sessions amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Sessions demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a later time. Floor H8D000 2 House floor actions 2007-04-18 18:40:47 DEBATE - The Committee of the Whole proceeded with debate on the Sessions amendment under the five-minute rule. Floor H8D000 2 House floor actions 2007-04-18 18:36:47 DEBATE - The Committee of the Whole proceeded with debate on the Jackson-Lee amendment under the five-minute rule. Floor H8D000 2 House floor actions 2007-04-18 18:33:24 DEBATE - The Committee of the Whole proceeded with debate on the Roskam amendment under the five-minute rule. Floor H8D000 2 House floor actions 2007-04-18 18:28:37 DEBATE - The Committee of the Whole proceeded with debate on the Bachus amendment uner the five-minute rule. Floor H8D000 2 House floor actions 2007-04-18 17:20:53 GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1257. Floor H8D000 2 House floor actions 2007-04-18 17:20:22 The Speaker designated the Honorable Anthony D. Weiner to act as Chairman of the Committee. Floor H32400 2 House floor actions 2007-04-18 17:20:21 House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 301 and Rule XVIII. Floor H32020 2 House floor actions 2007-04-18 17:19:53 Rule provides for consideration of H.R. 1257 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill. Floor H8D000 2 House floor actions 2007-04-18 17:19:48 Considered under the provisions of rule H. Res. 301. (consideration: CR H3530-3550; text of measure as reported in House: CR H3539) Floor H30000 2 House floor actions 2007-04-18 14:14:53 Rule H. Res. 301 passed House. Floor H1L220 2 House floor actions 2007-04-17 18:27:16 Rules Committee Resolution H. Res. 301 Reported to House. Rule provides for consideration of H.R. 1257 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill. Floor H1L210 2 House floor actions 2007-04-16 Placed on the Union Calendar, Calendar No. 53. Calendars H12410 2 House floor actions U00053 2007-04-16 Reported (Amended) by the Committee on Financial Services. H. Rept. 110-88. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2007-04-16 Reported (Amended) by the Committee on Financial Services. H. Rept. 110-88. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2007-03-28 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 37 - 29. Committee 2007-03-28 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2007-03-21 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2007-03-08 hsba00 Financial Services Committee 1 House committee actions Committee Hearings Held. Committee 2007-03-01 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2007-03-01 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-03-01 Introduced in House IntroReferral 1000 9 Library of Congress F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 N S001157 Rep. Scott, David [D-GA-13] David Scott D GA 13 2007-03-01 True R000053 Rep. Rangel, Charles B. [D-NY-15] CHARLES RANGEL D NY B. 15 2007-03-01 True M000725 Rep. Miller, George [D-CA-7] GEORGE MILLER D CA 7 2007-03-01 True V000081 Rep. Velazquez, Nydia M. [D-NY-12] NYDIA VELAZQUEZ D NY M. 12 2007-03-01 True K000008 Rep. Kanjorski, Paul E. [D-PA-11] PAUL KANJORSKI D PA E. 11 2007-03-01 True G000535 Rep. Gutierrez, Luis V. [D-IL-4] LUIS GUTIERREZ D IL V. 4 2007-03-01 True D000191 Rep. DeFazio, Peter A. [D-OR-4] PETER DEFAZIO D OR A. 4 2007-03-01 True C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2007-03-01 True B001234 Rep. Baca, Joe [D-CA-43] JOE BACA D CA 43 2007-03-01 True G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2007-03-01 True C000754 Rep. Cooper, Jim [D-TN-5] JAMES COOPER D TN H. 5 2007-03-01 True W000738 Rep. Woolsey, Lynn C. [D-CA-6] LYNN WOOLSEY D CA 6 2007-03-01 True S000344 Rep. Sherman, Brad [D-CA-27] BRAD SHERMAN D CA 27 2007-03-01 True E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2007-03-01 True L000090 Rep. Lantos, Tom [D-CA-12] TOM LANTOS D CA 12 2007-03-01 True A000022 Rep. Ackerman, Gary L. [D-NY-5] GARY ACKERMAN D NY L. 5 2007-03-01 True M001154 Rep. Miller, Brad [D-NC-13] Brad Miller D NC 13 2007-03-01 True C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2007-03-01 True S001165 Rep. Sires, Albio [D-NJ-13] Albio Sires D NJ 13 2007-03-01 True P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 2007-03-01 True W000801 Rep. Wilson, Charles A. [D-OH-6] Charles Wilson D OH A. 6 2007-03-01 True M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2007-03-07 False M001137 Rep. Meeks, Gregory W. [D-NY-6] GREGORY MEEKS D NY W. 6 2007-03-07 False L000562 Rep. Lynch, Stephen F. [D-MA-9] Stephen Lynch D MA F. 9 2007-03-07 False C000191 Rep. Carson, Julia [D-IN-7] JULIA CARSON D IN 7 2007-03-07 False M001146 Rep. Marshall, Jim [D-GA-8] Jim Marshall D GA 8 2007-03-07 False M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2007-03-07 False 2007-04-13T04:00:00Z H.R. 1257, Shareholder Vote on Executive Compensation Act http://www.cbo.gov/publication/18560 <p>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on March 28, 2007</p> 2007-04-13T04:00:00Z H.R. 1257, Shareholder Vote on Executive Compensation Act https://www.cbo.gov/publication/18560 Cost estimate for the bill as ordered reported by the House Committee on Financial Services on March 28, 2007 Finance and Financial Sector Administrative procedure Commerce Corporate management Corporate mergers Corporate reorganizations Executive compensation Golden parachutes Government Operations and Politics Independent regulatory commissions Information disclosure (Securities law) Labor and Employment Law Securities and Exchange Commission Securities regulation Stockholders Voting Finance and Financial Sector

00 2007-03-01 Introduced in House 2007-03-22T15:53:07Z Shareholder Vote on Executive Compensation Act - Amends the Securities Exchange Act of 1934 to require a proxy, consent, or authorization to permit a separate shareholder vote to approve executive compensation.

States that such a shareholder vote shall be neither binding on the board of directors, nor construed as overruling a decision by the board.

Requires any proxy solicitation material concerning disposition of substantially all of an issuer's assets to disclose any compensation agreements or understandings with the principal executive officers of the issuer (or the acquiring issuer) regarding any type of (golden parachute) compensation which: (1) relates to such disposition; and (2) has not been subject to a shareholder vote.

States that: (1) any proxy solicitation material containing such executive compensation disclosures shall require a separate shareholder approval of such agreements or understandings; but (2) the shareholder vote shall be neither binding on the board of directors, nor construed as overruling a decision by the board.

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17 2007-04-16 Reported to House with amendment(s) 2007-04-23T18:35:31Z Shareholder Vote on Executive Compensation Act - Amends the Securities Exchange Act of 1934 to require a proxy, consent, or authorization for a shareholder meeting occurring on or after January 1, 2009, to permit a separate shareholder vote to approve executive compensation.

States that such shareholder vote shall not be binding on the board of directors, nor construed: (1) as overruling a board decision; (2) to create or imply additional fiduciary duty by such board; and (3) to restrict or limit shareholder ability to make proposals for inclusion in proxy materials related to executive compensation.

Requires proxy solicitation material for a shareholder meeting occurring on or after January 1, 2009, concerning disposition of substantially all of an issuer's assets, to disclose compensation agreements or understandings with the principal executive officers of either the issuer or acquiring issuer regarding any type of (golden parachute) compensation which: (1) relates to such disposition; and (2) has not been subject to a shareholder vote.

Provides that proxy solicitation material containing such executive compensation disclosures shall require a separate shareholder vote to approve such agreements or understandings.

States that such shareholder vote shall not be binding on the board of directors, nor construed: (1) as overruling a board decision; (2) to create or imply additional fiduciary duty by such board; and (3) to constrain shareholder ability to make proposals for inclusion in proxy materials related to executive compensation.

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36 2007-04-20 Passed House amended 2007-04-24T15:18:48Z Shareholder Vote on Executive Compensation Act - Amends the Securities Exchange Act of 1934 to require a proxy, consent, or authorization for a shareholder meeting occurring on or after January 1, 2009, to permit a separate shareholder vote to approve executive compensation.

States that such shareholder vote shall not be binding on the corporation or board of directors, nor construed: (1) as overruling a board decision; (2) to create or imply additional fiduciary duty by such board; (3) to restrict or limit shareholder ability to make proposals for inclusion in proxy materials related to executive compensation.

Requires proxy solicitation material for a shareholder meeting occurring on or after January 1, 2009, concerning disposition of substantially all of an issuer's assets, to disclose compensation agreements or understandings with principal executive officers of either the issuer, or acquiring issuer, regarding (golden parachute) compensation which: (1) relates to such disposition; and (2) has not been subject to a shareholder vote.

Provides that proxy solicitation material containing such executive compensation disclosures shall require a separate shareholder vote to approve such agreements or understandings.

States such a shareholder vote shall not be binding on the corporation or the board of directors, nor construed: (1) as overruling a board decision; (2) to create or imply additional fiduciary duty by such board; (3) to constrain shareholder ability to make proposals for inclusion in proxy materials related to executive compensation.

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Shareholder Vote on Executive Compensation Act Official Title as Introduced To amend the Securities Exchange Act of 1934 to provide shareholders with an advisory vote on executive compensation. Introduced in House IH Display Title Shareholder Vote on Executive Compensation Act Short Titles as Introduced Shareholder Vote on Executive Compensation Act Short Titles as Reported to House Shareholder Vote on Executive Compensation Act H House Short Titles as Passed House Shareholder Vote on Executive Compensation Act H House 95 110 HAMDT Page 3, line 18, strike the close quotation marks and following period and after such line insert the following new paragraph: "(3) DISCLOSURE OF VOTE TO PENSION FUND BENEFICIARIES.--A shareholder who is casting the vote permitted under this subsection on behalf of the beneficiaries of a pension fund shall be required to disclose to such beneficiaries whether such vote was cast to approve or disapprove the compensation.". An amendment numbered 7 printed in the Congressional Record to insert a new paragraph providing that a shareholder who is casting a permitted vote shall be required to disclose to beneficiaries whether such vote was cast to approve or disapprove compensation. 2022-02-03T05:19:14Z 2007-04-20 On agreeing to the McHenry amendment (A008) Failed by recorded vote: 164 - 236 (Roll no. 239). (consideration: CR H3709) 11:06:56 H3709 https://www.congress.gov/congressional-record/volume-153/house-section/page/H3709 Roll no. 239 https://clerk.house.gov/evs/2007/roll239.xml M001156 Rep. McHenry, Patrick T. [R-NC-10] Patrick McHenry R NC 10 2007-04-18T04:00:00Z House of Representatives 110 HR House H 1257 Shareholder Vote on Executive Compensation Act 2023-01-11T19:56:25Z 8 2007-04-20 11:06:56 On agreeing to the McHenry amendment (A008) Failed by recorded vote: 164 - 236 (Roll no. 239). (consideration: CR H3709) Floor H32111 2 House floor actions 239 House 110 2007-04-20T15:06:56Z 1 https://clerk.house.gov/evs/2007/roll239.xml 2007-04-18 19:34:57 Amendment (A008) offered by Mr. McHenry. (consideration: CR H3548-3550; text: CR H3548) Floor H3A100 2 House floor actions 2007-04-18 19:34:57 House amendment offered/reported by : Amendment (A008) offered by Mr. McHenry.(consideration: CR H3548-3550; text: CR H3548) NotUsed 71500 9 Library of Congress 2007-04-20 11:06:56 House amendment not agreed to: On agreeing to the McHenry amendment (A008) Failed by recorded vote: 164 - 236 (Roll no. 239).(consideration: CR H3709) Floor 73000 9 Library of Congress 239 House 110 2007-04-20T15:06:56Z 1 https://clerk.house.gov/evs/2007/roll239.xml 2007-04-20 11:06:56 Roll call votes on amendments in House Floor 75000 9 Library of Congress 239 House 110 2007-04-20T15:06:56Z 1 https://clerk.house.gov/evs/2007/roll239.xml 2007-04-20 11:06:56 Amendment failed in Committee of the Whole NotUsed 77000 9 Library of Congress 239 House 110 2007-04-20T15:06:56Z 1 https://clerk.house.gov/evs/2007/roll239.xml 2007-04-18 House amendment offered Floor 71000 9 Library of Congress 94 110 HAMDT Amendment sought to provide that a company would not be required to have an advisory vote on executive compensation if they, instead, require a majority vote of those voting, to seat a director on the board of directors. An amendment numbered 3 printed in the Congressional Record to add a new paragraph providing for a majority-elected board exemption. 2022-02-03T05:19:14Z 2007-04-20 On agreeing to the Campbell (CA) amendment (A007) Failed by recorded vote: 161 - 241 (Roll no. 238). (consideration: CR H3708-3709) 11:00:08 H3708-3709 https://www.congress.gov/congressional-record/volume-153/house-section/page/H3708-3709 Roll no. 238 https://clerk.house.gov/evs/2007/roll238.xml C001064 Rep. Campbell, John [R-CA-48] John Campbell R CA 48 2007-04-18T04:00:00Z House of Representatives 110 HR House H 1257 Shareholder Vote on Executive Compensation Act 2023-01-11T19:56:25Z 8 2007-04-20 11:00:08 On agreeing to the Campbell (CA) amendment (A007) Failed by recorded vote: 161 - 241 (Roll no. 238). (consideration: CR H3708-3709) Floor H32111 2 House floor actions 238 House 110 2007-04-20T15:00:08Z 1 https://clerk.house.gov/evs/2007/roll238.xml 2007-04-18 19:20:32 Amendment (A007) offered by Mr. Campbell (CA). (consideration: CR H3546-3548; text: CR H3546) Floor H3A100 2 House floor actions 2007-04-18 19:20:32 House amendment offered/reported by : Amendment (A007) offered by Mr. Campbell (CA).(consideration: CR H3546-3548; text: CR H3546) NotUsed 71500 9 Library of Congress 2007-04-20 11:00:08 Amendment failed in Committee of the Whole NotUsed 77000 9 Library of Congress 238 House 110 2007-04-20T15:00:08Z 1 https://clerk.house.gov/evs/2007/roll238.xml 2007-04-20 11:00:08 House amendment not agreed to: On agreeing to the Campbell (CA) amendment (A007) Failed by recorded vote: 161 - 241 (Roll no. 238).(consideration: CR H3708-3709) Floor 73000 9 Library of Congress 238 House 110 2007-04-20T15:00:08Z 1 https://clerk.house.gov/evs/2007/roll238.xml 2007-04-20 11:00:08 Roll call votes on amendments in House Floor 75000 9 Library of Congress 238 House 110 2007-04-20T15:00:08Z 1 https://clerk.house.gov/evs/2007/roll238.xml 2007-04-18 House amendment offered Floor 71000 9 Library of Congress 93 110 HAMDT Amendment sought to establish a trigger that would have to be met before shareholders could vote on executive compensation packages by requiring that executive compensation exceed by 10 percent or more the average compensation for comparable industries in that particular sector. An amendment numbered 5 printed in the Congressional Record to insert a new paragraph outlining conditions triggering a vote. 2022-02-03T05:19:14Z 2007-04-20 On agreeing to the Garrett (NJ) amendment (A006) Failed by recorded vote: 155 - 244 (Roll no. 237). (consideration: CR H3707-3708) 10:52:21 H3707-3708 https://www.congress.gov/congressional-record/volume-153/house-section/page/H3707-3708 Roll no. 237 https://clerk.house.gov/evs/2007/roll237.xml G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 2007-04-18T04:00:00Z House of Representatives 110 HR House H 1257 Shareholder Vote on Executive Compensation Act 2023-01-11T19:56:25Z 8 2007-04-20 10:52:21 On agreeing to the Garrett (NJ) amendment (A006) Failed by recorded vote: 155 - 244 (Roll no. 237). (consideration: CR H3707-3708) Floor H32111 2 House floor actions 237 House 110 2007-04-20T14:52:21Z 1 https://clerk.house.gov/evs/2007/roll237.xml 2007-04-18 19:00:54 Amendment (A006) offered by Mr. Garrett (NJ). (consideration: CR H3544-3546; text: CR H3544) Floor H3A100 2 House floor actions 2007-04-18 19:00:54 House amendment offered/reported by : Amendment (A006) offered by Mr. Garrett (NJ).(consideration: CR H3544-3546; text: CR H3544) NotUsed 71500 9 Library of Congress 2007-04-20 10:52:21 Amendment failed in Committee of the Whole NotUsed 77000 9 Library of Congress 237 House 110 2007-04-20T14:52:21Z 1 https://clerk.house.gov/evs/2007/roll237.xml 2007-04-20 10:52:21 Roll call votes on amendments in House Floor 75000 9 Library of Congress 237 House 110 2007-04-20T14:52:21Z 1 https://clerk.house.gov/evs/2007/roll237.xml 2007-04-20 10:52:21 House amendment not agreed to: On agreeing to the Garrett (NJ) amendment (A006) Failed by recorded vote: 155 - 244 (Roll no. 237).(consideration: CR H3707-3708) Floor 73000 9 Library of Congress 237 House 110 2007-04-20T14:52:21Z 1 https://clerk.house.gov/evs/2007/roll237.xml 2007-04-18 House amendment offered Floor 71000 9 Library of Congress 92 110 HAMDT Amendment sought to add language to require the disclosure of funding designed to influence shareholder votes. An amendment numbered 13 printed in the Congressional Record to add a requirement for disclosure of activities to influence votes. 2022-02-03T05:19:14Z 2007-04-20 On agreeing to the Sessions amendment (A005) Failed by recorded vote: 177 - 222 (Roll no. 236). (consideration: CR H3706-3707) 10:44:52 H3706-3707 https://www.congress.gov/congressional-record/volume-153/house-section/page/H3706-3707 Roll no. 236 https://clerk.house.gov/evs/2007/roll236.xml S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2007-04-18T04:00:00Z House of Representatives 110 HR House H 1257 Shareholder Vote on Executive Compensation Act 2023-01-11T19:56:25Z 8 2007-04-20 10:44:52 On agreeing to the Sessions amendment (A005) Failed by recorded vote: 177 - 222 (Roll no. 236). (consideration: CR H3706-3707) Floor H32111 2 House floor actions 236 House 110 2007-04-20T14:44:52Z 1 https://clerk.house.gov/evs/2007/roll236.xml 2007-04-18 18:40:24 Amendment (A005) offered by Mr. Sessions. (consideration: CR H3541-3544; text: CR H3541) Floor H3A100 2 House floor actions 2007-04-18 18:40:24 House amendment offered/reported by : Amendment (A005) offered by Mr. Sessions.(consideration: CR H3541-3544; text: CR H3541) NotUsed 71500 9 Library of Congress 2007-04-20 10:44:52 Amendment failed in Committee of the Whole NotUsed 77000 9 Library of Congress 236 House 110 2007-04-20T14:44:52Z 1 https://clerk.house.gov/evs/2007/roll236.xml 2007-04-20 10:44:52 Roll call votes on amendments in House Floor 75000 9 Library of Congress 236 House 110 2007-04-20T14:44:52Z 1 https://clerk.house.gov/evs/2007/roll236.xml 2007-04-20 10:44:52 House amendment not agreed to: On agreeing to the Sessions amendment (A005) Failed by recorded vote: 177 - 222 (Roll no. 236).(consideration: CR H3706-3707) Floor 73000 9 Library of Congress 236 House 110 2007-04-20T14:44:52Z 1 https://clerk.house.gov/evs/2007/roll236.xml 2007-04-18 House amendment offered Floor 71000 9 Library of Congress 91 110 HAMDT An amendment numbered 6 printed in the Congressional Record to insert a requirement for website disclosure of vote results. 2022-02-03T05:19:14Z 2007-04-18 By unanimous consent, the Jackson-Lee (TX) amendment was withdrawn. 18:39:52 J000032 Rep. Jackson-Lee, Sheila [D-TX-18] SHEILA JACKSON-LEE D TX 18 2007-04-18T04:00:00Z House of Representatives 110 HR House H 1257 Shareholder Vote on Executive Compensation Act 2023-01-11T19:56:25Z 5 2007-04-18 18:39:52 By unanimous consent, the Jackson-Lee (TX) amendment was withdrawn. Floor H32140 2 House floor actions 2007-04-18 18:36:25 Amendment (A004) offered by Ms. Jackson-Lee (TX). (consideration: CR H3540-3541; text: CR H3540) Floor H3A100 2 House floor actions 2007-04-18 18:36:25 House amendment offered/reported by : Amendment (A004) offered by Ms. Jackson-Lee (TX).(consideration: CR H3540-3541; text: CR H3540) NotUsed 71500 9 Library of Congress 2007-04-18 House amendment offered Floor 71000 9 Library of Congress 90 110 HAMDT Amendment is technical in nature. An amendment numbered 4 printed in the Congressional Record. 2022-02-03T05:19:14Z 2007-04-18 On agreeing to the Frank (MA) amendment (A003) as modified Agreed to by voice vote. (text as modified: CR S3540) 18:36:14 S3540 https://www.congress.gov/congressional-record/volume-153/senate-section/page/S3540 F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2007-04-18T04:00:00Z House of Representatives 110 HR House H 1257 Shareholder Vote on Executive Compensation Act 2023-01-11T19:56:25Z 8 2007-04-18 18:36:14 On agreeing to the Frank (MA) amendment (A003) as modified Agreed to by voice vote. (text as modified: CR S3540) Floor H32111 2 House floor actions 2007-04-18 18:35:05 Frank (MA) amendment (A003) modified by unanimous consent. Floor H32160 2 House floor actions 2007-04-18 18:34:47 Amendment (A003) offered by Mr. Frank (MA). (consideration: CR H3540) Floor H3A100 2 House floor actions 2007-04-18 18:34:47 House amendment offered/reported by : Amendment (A003) offered by Mr. Frank (MA).(consideration: CR H3540) NotUsed 71500 9 Library of Congress 2007-04-18 18:36:14 Amendment agreed to Committee of the Whole NotUsed 76000 9 Library of Congress 2007-04-18 18:36:14 House amendment agreed to: On agreeing to the Frank (MA) amendment (A003) as modified Agreed to by voice vote.(text as modified: CR S3540) Floor 72000 9 Library of Congress 2007-04-18 House amendment offered Floor 71000 9 Library of Congress 89 110 HAMDT Amendment replaces language to clarify that shareholders may meet in special meetings held in lieu of the annual meeting. An amendment numbered 12 printed in the Congressional Record to clarify that shareholders may meet in special meetings held in lieu of the annual meeting. 2022-02-03T05:19:14Z 2007-04-18 On agreeing to the Roskam amendment (A002) Agreed to by voice vote. 18:33:57 R000580 Rep. Roskam, Peter J. [R-IL-6] Peter Roskam R IL J. 6 2007-04-18T04:00:00Z House of Representatives 110 HR House H 1257 Shareholder Vote on Executive Compensation Act 2023-01-11T19:56:25Z 7 2007-04-18 18:33:57 On agreeing to the Roskam amendment (A002) Agreed to by voice vote. Floor H32111 2 House floor actions 2007-04-18 18:32:06 Amendment (A002) offered by Mr. Roskam. (consideration: CR H3540; text: CR H3540) Floor H3A100 2 House floor actions 2007-04-18 18:32:06 House amendment offered/reported by : Amendment (A002) offered by Mr. Roskam.(consideration: CR H3540; text: CR H3540) NotUsed 71500 9 Library of Congress 2007-04-18 18:33:57 Amendment agreed to Committee of the Whole NotUsed 76000 9 Library of Congress 2007-04-18 18:33:57 House amendment agreed to: On agreeing to the Roskam amendment (A002) Agreed to by voice vote. Floor 72000 9 Library of Congress 2007-04-18 House amendment offered Floor 71000 9 Library of Congress 88 110 HAMDT Amendment provides for placing the text of the bill into Section 14 rather than Section 16 of the Securities Exchange Act of 1934. An amendment numbered 1 printed in the Congressional Record. 2022-02-03T05:19:14Z 2007-04-18 On agreeing to the Bachus amendment (A001) Agreed to by voice vote. 18:31:12 B000013 Rep. Bachus, Spencer [R-AL-6] SPENCER BACHUS R AL 6 2007-04-18T04:00:00Z House of Representatives 110 HR House H 1257 Shareholder Vote on Executive Compensation Act 2023-01-11T19:56:25Z 7 2007-04-18 18:31:12 On agreeing to the Bachus amendment (A001) Agreed to by voice vote. Floor H32111 2 House floor actions 2007-04-18 18:28:36 Amendment (A001) offered by Mr. Bachus. (consideration: CR H3539-3540; text: CR H3539) Floor H3A100 2 House floor actions 2007-04-18 18:28:36 House amendment offered/reported by : Amendment (A001) offered by Mr. Bachus.(consideration: CR H3539-3540; text: CR H3539) NotUsed 71500 9 Library of Congress 2007-04-18 18:31:12 Amendment agreed to Committee of the Whole NotUsed 76000 9 Library of Congress 2007-04-18 18:31:12 House amendment agreed to: On agreeing to the Bachus amendment (A001) Agreed to by voice vote. Floor 72000 9 Library of Congress 2007-04-18 House amendment offered Floor 71000 9 Library of Congress 103 110 HAMDT Amendment sought to condition implementation of the bill to 90 days after submission to Congress by the the Securities and Exchange Commission of a study to determine the effect of the bill's separate vote requirements on the ability of issuers to recruit and retain executives. An amendment numbered 8 printed in the Congressional Record to insert conditional implementation provisions. 2022-02-03T05:19:14Z 2007-04-20 On agreeing to the Price (GA) amendment (A011) Failed by recorded vote: 162 - 242 (Roll no. 242). 11:27:48 Roll no. 242 https://clerk.house.gov/evs/2007/roll242.xml P000591 Rep. Price, Tom [R-GA-6] Tom Price R GA 6 2007-04-20T04:00:00Z House of Representatives 110 HR House H 1257 Shareholder Vote on Executive Compensation Act 2023-01-11T19:56:25Z 8 2007-04-20 11:27:48 On agreeing to the Price (GA) amendment (A011) Failed by recorded vote: 162 - 242 (Roll no. 242). Floor H32111 2 House floor actions 242 House 110 2007-04-20T15:27:48Z 1 https://clerk.house.gov/evs/2007/roll242.xml 2007-04-20 09:54:49 Amendment (A011) offered by Mr. Price (GA). (consideration: CR H3703-3706, H3711-3712; text: CR H3703-3704) Floor H3A100 2 House floor actions 2007-04-20 09:54:49 House amendment offered/reported by : Amendment (A011) offered by Mr. Price (GA).(consideration: CR H3703-3706, H3711-3712; text: CR H3703-3704) NotUsed 71500 9 Library of Congress 2007-04-20 11:27:48 Amendment failed in Committee of the Whole NotUsed 77000 9 Library of Congress 242 House 110 2007-04-20T15:27:48Z 1 https://clerk.house.gov/evs/2007/roll242.xml 2007-04-20 11:27:48 House amendment not agreed to: On agreeing to the Price (GA) amendment (A011) Failed by recorded vote: 162 - 242 (Roll no. 242). Floor 73000 9 Library of Congress 242 House 110 2007-04-20T15:27:48Z 1 https://clerk.house.gov/evs/2007/roll242.xml 2007-04-20 11:27:48 Roll call votes on amendments in House Floor 75000 9 Library of Congress 242 House 110 2007-04-20T15:27:48Z 1 https://clerk.house.gov/evs/2007/roll242.xml 2007-04-20 House amendment offered Floor 71000 9 Library of Congress 102 110 HAMDT Amendment concerned non-qualified, deferred compensation and sought to allow the issuers to be exempt from the nonbinding shareholder vote on executive pay if the issuer provided the majority of the executive's compensation in the form of non-qualified deferred compensation. An amendment numbered 11 printed in the Congressional Record to insert provisions regarding a deferred compensation exemption. 2022-02-03T05:19:14Z 2007-04-20 On agreeing to the Putnam amendment Failed by recorded vote: 160 - 240 (Roll no. 241). 11:20:51 Roll no. 241 https://clerk.house.gov/evs/2007/roll241.xml P000586 Rep. Putnam, Adam H. [R-FL-12] ADAM PUTNAM R FL H. 12 2007-04-20T04:00:00Z House of Representatives 110 HR House H 1257 Shareholder Vote on Executive Compensation Act 2023-01-11T19:56:25Z 8 2007-04-20 11:20:51 On agreeing to the Putnam amendment Failed by recorded vote: 160 - 240 (Roll no. 241). Floor H32111 2 House floor actions 241 House 110 2007-04-20T15:20:51Z 1 https://clerk.house.gov/evs/2007/roll241.xml 2007-04-20 09:35:33 Amendment (A010) offered by Mr. Putnam. (consideration: CR H3701-3703, H3710-3711; text: CR H3701) Floor H3A100 2 House floor actions 2007-04-20 09:35:33 House amendment offered/reported by : Amendment (A010) offered by Mr. Putnam.(consideration: CR H3701-3703, H3710-3711; text: CR H3701) NotUsed 71500 9 Library of Congress 2007-04-20 11:20:51 Amendment failed in Committee of the Whole NotUsed 77000 9 Library of Congress 241 House 110 2007-04-20T15:20:51Z 1 https://clerk.house.gov/evs/2007/roll241.xml 2007-04-20 11:20:51 Roll call votes on amendments in House Floor 75000 9 Library of Congress 241 House 110 2007-04-20T15:20:51Z 1 https://clerk.house.gov/evs/2007/roll241.xml 2007-04-20 11:20:51 House amendment not agreed to: On agreeing to the Putnam amendment Failed by recorded vote: 160 - 240 (Roll no. 241). Floor 73000 9 Library of Congress 241 House 110 2007-04-20T15:20:51Z 1 https://clerk.house.gov/evs/2007/roll241.xml 2007-04-20 House amendment offered Floor 71000 9 Library of Congress 101 110 HAMDT Strike all after the enacting clause and insert the following: SEC. 1. DISCLOSURE OF EXECUTIVE COMPENSATION. Congress finds and declares that the shareholder disclosures relating to executive compensation required by the rules issued by the Securities and Exchange Commission on September 8, 2006 (71 Fed. Reg. 53158) provide an adequate and complete mechanism for shareholder approval of such compensation. An amendment numbered 9 printed in the Congressional Record to insert a complete new text consisting of a section inserting provisions for disclosure of executive compensation. 2022-02-03T05:19:14Z 2007-04-20 On agreeing to the Price (GA) amendment (A009) Failed by recorded vote: 148 - 257 (Roll no. 240). 11:14:09 Roll no. 240 https://clerk.house.gov/evs/2007/roll240.xml P000591 Rep. Price, Tom [R-GA-6] Tom Price R GA 6 2007-04-20T04:00:00Z House of Representatives 110 HR House H 1257 Shareholder Vote on Executive Compensation Act 2023-01-11T19:56:25Z 8 2007-04-20 11:14:09 On agreeing to the Price (GA) amendment (A009) Failed by recorded vote: 148 - 257 (Roll no. 240). Floor H32111 2 House floor actions 240 House 110 2007-04-20T15:14:09Z 1 https://clerk.house.gov/evs/2007/roll240.xml 2007-04-20 09:15:52 Amendment (A009) offered by Mr. Price (GA). (consideration: CR H3699-3701, H3709-3710; text: CR H3699) Floor H3A100 2 House floor actions 2007-04-20 09:15:52 House amendment offered/reported by : Amendment (A009) offered by Mr. Price (GA).(consideration: CR H3699-3701, H3709-3710; text: CR H3699) NotUsed 71500 9 Library of Congress 2007-04-20 11:14:09 Amendment failed in Committee of the Whole NotUsed 77000 9 Library of Congress 240 House 110 2007-04-20T15:14:09Z 1 https://clerk.house.gov/evs/2007/roll240.xml 2007-04-20 11:14:09 House amendment not agreed to: On agreeing to the Price (GA) amendment (A009) Failed by recorded vote: 148 - 257 (Roll no. 240). Floor 73000 9 Library of Congress 240 House 110 2007-04-20T15:14:09Z 1 https://clerk.house.gov/evs/2007/roll240.xml 2007-04-20 11:14:09 Roll call votes on amendments in House Floor 75000 9 Library of Congress 240 House 110 2007-04-20T15:14:09Z 1 https://clerk.house.gov/evs/2007/roll240.xml 2007-04-20 House amendment offered Floor 71000 9 Library of Congress Referred in Senate 2007-04-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr1257rfs/xml/BILLS-110hr1257rfs.xml Engrossed in House 2007-04-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr1257eh/xml/BILLS-110hr1257eh.xml Reported in House 2007-04-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr1257rh/xml/BILLS-110hr1257rh.xml Introduced in House 2007-03-01T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr1257ih/xml/BILLS-110hr1257ih.xml 2007-04-23 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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. 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