3.0.0 4590 2025-05-27T14:16:21Z 2025-05-27T14:16:21Z House H HR 2023-07-12 118 <pre>[Congressional Record Volume 169, Number 119 (Wednesday, July 12, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. STEIL:H.R. 4590.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3 of the United StatesConstitution: ``To regulate commerce with foreign nations,and among the several states, and with the Indian tribes.''The single subject of this legislation is:This bill concerns the regulation of proxy advisory firms,also known as proxy voting advice businesses[Page H3478]</pre> hsba00 Financial Services Committee House Standing Referred To 2023-07-12T14:03:00Z 118 4767 HR 2023-12-19 Placed on the Union Calendar, Calendar No. 263. Related bill CRS 2023-07-12 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2023-07-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-07-12 Introduced in House IntroReferral 1000 9 Library of Congress S001213 Rep. Steil, Bryan [R-WI-1] Bryan Steil R WI 1 N Finance and Financial Sector Finance and Financial Sector 2023-08-21T15:30:25Z

00 2023-07-12 Introduced in House 2024-04-12T13:39:08Z <p>This bill specifies what is considered a false or misleading statement concerning a material fact for liability purposes in the context of the sale or purchase of securities. Particularly, the bill specifies that this liability extends to certain actions performed by a proxy voting advice businesss. (Proxy voting advice businesses provide voting services and advice to institutional investors in public companies for proposals presented at shareholder meetings.) </p> <p>Under the bill, a proxy voting advice business may be held liable if it fails to disclose its methodology, sources of information, or conflicts of interest, or if it makes a material misstatement when providing proxy voting advice. </p>

Display Title 45 2024-07-24T15:21:05Z Official Title as Introduced 6 2024-03-18T21:07:51Z Introduced in House IH Introduced in House 2023-07-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr4590ih/xml/BILLS-118hr4590ih.xml 2023-07-12 Referred to the House Committee on Financial Services. 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.