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    <number>4656</number>
    <updateDate>2025-05-27T14:15:09Z</updateDate>
    <updateDateIncludingText>2025-05-27T14:15:09Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2023-07-14</introducedDate>
    <congress>118</congress>
    <cdata>
      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 169, Number 121 (Friday, July 14, 2023)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. NUNN of Iowa:H.R. 4656.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 18:To make all Laws which shall be necessary and proper forcarrying into Execution the foregoing Powers, and all otherPowers vested by this Constitution in the Government of theUnited States,The single subject of this legislation is:To amend the Securities Exchange Act of 1934 to prohibitrobovoting with respect to votes related to proxy or consentsolicitation materials, and for other purposes.[Page H3613]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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            <date>2023-07-14T13:00:40Z</date>
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        <title>Protecting Americans’ Retirement Savings from Politics Act</title>
        <congress>118</congress>
        <number>4767</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2023-12-19</actionDate>
          <text>Placed on the Union Calendar, Calendar No. 263.</text>
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        <actionDate>2023-07-14</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
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        <bioguideId>N000193</bioguideId>
        <fullName>Rep. Nunn, Zachary [R-IA-3]</fullName>
        <firstName>Zachary</firstName>
        <lastName>Nunn</lastName>
        <party>R</party>
        <state>IA</state>
        <district>3</district>
        <isByRequest>N</isByRequest>
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        <name>Finance and Financial Sector</name>
        <updateDate>2023-08-22T17:45:24Z</updateDate>
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        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2024-05-18T01:20:39Z</updateDate>
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          <text>&lt;p&gt;&lt;strong&gt;Protecting American’s Savings Act&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;This bill prohibits the use of robovoting, or automatic voting in a shareholder vote according to the recommendations of a proxy advisory firm. (Proxy advisory firms provide voting services and advice to clients who invest in public companies for proposals presented at shareholder meetings.) Further, the bill prohibits institutional investors from outsourcing any such voting decisions. Finally, under the bill, no person is required to vote in a shareholder vote.&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;!--tinycomments|2.1|data:application/json;base64,eyJtY2UtY29udmVyc2F0aW9uXzE0ODU1MjE0MjIxNzEzOTkyMzI0NTU0Ijp7InVpZCI6Im1jZS1jb252ZXJzYXRpb25fMTQ4NTUyMTQyMjE3MTM5OTIzMjQ1NTQiLCJjb21tZW50cyI6W3sidWlkIjoibWNlLWNvbnZlcnNhdGlvbl8xNDg1NTIxNDIyMTcxMzk5MjMyNDU1NCIsImF1dGhvciI6ImFyZWVkQGxpYi5sb2MuZ292IiwiYXV0aG9yTmFtZSI6ImFyZWVkQGxpYi5sb2MuZ292IiwiY29udGVudCI6IlRoaXMgcGFyZW50aGV0aWNhbCBpcyBhZGFwdGVkIGZyb20gSFIgNDU4OS4iLCJjcmVhdGVkQXQiOiIyMDI0LTA0LTI0VDIwOjU4OjQ0LjU1NFoiLCJtb2RpZmllZEF0IjoiMjAyNC0wNC0yNFQyMTowMDoxNS44OTVaIn1dfX0=--&gt;</text>
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    <title>Protecting American’s Savings Act</title>
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        <title>Protecting American’s Savings Act</title>
        <updateDate>2024-07-24T15:21:00Z</updateDate>
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        <titleType>Short Title(s) as Introduced</titleType>
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        <title>Protecting American’s Savings Act</title>
        <updateDate>2024-05-24T13:37:45Z</updateDate>
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        <titleTypeCode>6</titleTypeCode>
        <title>To amend the Securities Exchange Act of 1934 to prohibit robovoting with respect to votes related to proxy or consent solicitation materials, and for other purposes.</title>
        <updateDate>2024-03-18T21:09:33Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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        <date>2023-07-14T04:00:00Z</date>
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    <latestAction>
      <actionDate>2023-07-14</actionDate>
      <text>Referred to the House Committee on Financial Services.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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