Financial CHOICE Act of 2017

3.0.0 4015 2023-01-11T13:38:27Z 2023-09-05T17:28:05Z House HR 2017-10-11 115 [Congressional Record Volume 163, Number 163 (Wednesday, October 11, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DUFFY:H.R. 4015.Congress has the power to enact this legislation pursuantto the following:Article I, section 8, clause 1 (relating to the generalwelfare of the United States); and Article I, section 8,clause 3 (relating to the power to regulate interstatecommerce).[Page H7975]]]> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings by 2018-12-06T15:00:34Z Hearings by 2018-06-28T14:00:34Z Referred to 2017-12-21T16:08:23Z hsba00 Financial Services Committee House Standing Reported by 2017-12-07T23:51:05Z Markup by 2017-11-15T22:36:04Z Referred to 2017-10-11T14:00:49Z H. Rept. 115-451 Financial CHOICE Act of 2017 115 10 HR 2017-07-13 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108. Related bill CRS Providing for consideration of the bill (H.R. 2396) to amend the Gramm-Leach-Bliley Act to update the exception for certain annual notices provided by financial institutions, and providing for consideration of the bill (H.R. 4015) to improve the quality of proxy advisory firms for the protection of investors and the U.S. economy, and in the public interest, by fostering accountability, transparency, responsiveness, and competition in the proxy advisory firm industry. 115 657 HRES 2017-12-13 Motion to reconsider laid on the table Agreed to without objection. 17:20:48 Procedurally-related House 2018-12-06 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2018-06-28 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2017-12-21 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 2017-12-20 18:48:15 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2017-12-20 18:48:14 On passage Passed by the Yeas and Nays: 238 - 182 (Roll no. 702). (text: CR H10313-10315) Floor H37100 2 House floor actions 702 https://clerk.house.gov/evs/2017/roll702.xml House 115 2017-12-20T23:48:14Z 1 2017-12-20 18:48:14 Passed/agreed to in House: On passage Passed by the Yeas and Nays: 238 - 182 (Roll no. 702).(text: CR H10313-10315) Floor 8000 9 Library of Congress 702 https://clerk.house.gov/evs/2017/roll702.xml House 115 2017-12-20T23:48:14Z 1 2017-12-20 18:38:58 On motion to recommit with instructions Failed by the Yeas and Nays: 189 - 231 (Roll no. 701). Floor H36110 2 House floor actions hsba00 Financial Services Committee 701 https://clerk.house.gov/evs/2017/roll701.xml House 115 2017-12-20T23:38:58Z 1 2017-12-20 14:21:04 POSTPONED PROCEEDINGS - At the conclusion of debate on the motion to recommit with instructions, the Chair put the question on the motion and by voice vote, announced that the noes had prevailed. Mr. Sarbanes demanded the yeas and nays and the Chair postponed further proceedings on the motion to recommit with instructions until a time to be announced. Floor H8D000 2 House floor actions 2017-12-20 14:20:53 The previous question on the motion to recommit with instructions was ordered without objection. Floor H8A000 2 House floor actions 2017-12-20 14:15:44 DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to exempt proxy voting recommendations on shareholder proposals related to political campaign contributions of a company. Floor H8D000 2 House floor actions 2017-12-20 14:15:30 Mr. Sarbanes moved to recommit with instructions to the Committee on Financial Services. (text: CR H10328) Floor H36100 2 House floor actions hsba00 Financial Services Committee 2017-12-20 14:15:00 The previous question was ordered pursuant to the rule. Floor H35000 2 House floor actions 2017-12-20 13:06:03 DEBATE - The House proceeded with one hour of debate on H.R. 4015. Floor H8D000 2 House floor actions 2017-12-20 13:04:57 Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Rule provides for one hour of general debate for each bill. The amendment in the nature of a substitute printed in H.R. 2396 shall be considered as adopted. The rule also makes in order the amendment printed in the report. An amendment in the nature of a substitute to H.R. 4015 consisting of Rules Committee Print 115-46, shall be considered as adopted. Floor H8D000 2 House floor actions 2017-12-20 13:04:52 Considered under the provisions of rule H. Res. 657. (consideration: CR H10313-10330) Floor H30000 2 House floor actions 2017-12-13 17:20:47 Rule H. Res. 657 passed House. Floor H1L220 2 House floor actions 2017-12-12 16:48:39 Rules Committee Resolution H. Res. 657 Reported to House. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Rule provides for one hour of general debate for each bill. The amendment in the nature of a substitute printed in H.R. 2396 shall be considered as adopted. The rule also makes in order the amendment printed in the report. An amendment in the nature of a substitute to H.R. 4015 consisting of Rules Committee Print 115-46, shall be considered as adopted. Floor H1L210 2 House floor actions 2017-12-07 Placed on the Union Calendar, Calendar No. 333. Calendars H12410 2 House floor actions U00333 2017-12-07 Reported by the Committee on Financial Services. H. Rept. 115-451. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2017-12-07 Reported by the Committee on Financial Services. H. Rept. 115-451. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2017-11-15 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by the Yeas and Nays: 40 - 20. Committee 2017-11-15 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2017-10-11 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-10-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-10-11 Introduced in House IntroReferral 1000 9 Library of Congress D000614 Rep. Duffy, Sean P. [R-WI-7] Sean Duffy R WI P. 7 N S000583 Rep. Smith, Lamar [R-TX-21] LAMAR SMITH R TX 21 2017-10-27 False M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 2017-11-09 False 2017-12-06T20:45:07Z H.R. 4015, Corporate Governance Reform and Transparency Act of 2017 https://www.cbo.gov/publication/53377 As ordered reported by the House Committee on Financial Services on November 15, 2017 Finance and Financial Sector Administrative remedies Business ethics Competition and antitrust Corporate finance and management Government information and archives Licensing and registrations Securities Securities and Exchange Commission (SEC) Finance and Financial Sector

00 2017-10-11 Introduced in House 2018-10-18T17:08:50Z Corporate Governance Reform and Transparency Act of 2017

This bill amends the Securities Exchange Act of 1934 to: (1) require a proxy advisory firm to register with the Securities and Exchange Commission (SEC); and (2) prohibit an unregistered proxy advisory firm from using interstate commerce to provide proxy-voting research, analysis, or recommendations to any client.

With respect to such firms, the bill: (1) establishes procedures for both registration and termination of registration; (2) requires each firm to employ an ombudsman, designate a compliance officer, and file specified documents with the SEC; and (3) prohibits unfair, coercive, or abusive practices.

The SEC shall report annually on its website regarding registration applications and related matters.

]]>

79 2017-12-07 Reported to House without amendment 2018-10-19T14:01:15Z Corporate Governance Reform and Transparency Act of 2017

The SEC shall report annually on its website regarding registration applications and related matters.

]]>

36 2017-12-20 Passed House amended 2018-10-19T19:10:05Z Corporate Governance Reform and Transparency Act of 2017

(Sec. 3) This bill amends the Securities Exchange Act of 1934 to: (1) require a proxy advisory firm to register with the Securities and Exchange Commission (SEC); and (2) prohibit an unregistered proxy advisory firm from using interstate commerce to provide proxy-voting research, analysis, or recommendations to any client.

(Sec. 4) The SEC shall report annually on its website regarding registration applications and related matters.

]]>

Corporate Governance Reform and Transparency Act of 2017 Display Title Corporate Governance Reform and Transparency Act of 2017 Short Titles as Introduced Corporate Governance Reform and Transparency Act of 2017 Short Titles as Reported to House Corporate Governance Reform and Transparency Act of 2017 H House Short Titles as Passed House Corporate Governance Reform and Transparency Act of 2017 H House Official Title as Introduced To improve the quality of proxy advisory firms for the protection of investors and the U.S. economy, and in the public interest, by fostering accountability, transparency, responsiveness, and competition in the proxy advisory firm industry. 506 115 HAMDT Pursuant to the provisions of H.Res. 657, the amendment in the nature of a substitute consisting of the text of Rules Committee Print 115-46 is considered as adopted. Pursuant to the provisions of H.Res. 657, the amendment in the nature of a substitute consisting of the text of Rules Committee Print 115-46 is considered as adopted. 2020-12-15T16:33:30Z Rules Committee 2017-12-20T05:00:00Z House of Representatives 115 HR House H 4015 Corporate Governance Reform and Transparency Act of 2017 2023-09-05T17:28:05Z Committee Print 115-46 https://www.congress.gov/committee-print/115th-congress/house-committee-print/27764 H.Res. 657 https://www.congress.gov/bill/115th-congress/house-resolution/657 2 2017-12-20 House amendment offered Floor 71000 9 Library of Congress Referred in Senate 2017-12-21T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4015rfs/xml/BILLS-115hr4015rfs.xml Engrossed in House 2017-12-20T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4015eh/xml/BILLS-115hr4015eh.xml Reported in House 2017-12-07T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4015rh/xml/BILLS-115hr4015rh.xml Introduced in House 2017-10-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4015ih/xml/BILLS-115hr4015ih.xml 2018-12-06 Committee on Banking, Housing, and Urban Affairs. Hearings held. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.