Public Company Advisory Committee Act of 2023

3.0.0 4790 2025-05-27T14:15:07Z 2025-05-27T14:15:07Z House H HR 2023-07-20 118 <pre>[Congressional Record Volume 169, Number 125 (Thursday, July 20, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. HUIZENGA:H.R. 4790.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, or in any Department or Officer thereof.The single subject of this legislation is:This bill would bring meaningful changes to SEC disclosureregulations, as well as providing additional investorprotections, transparency and accountability to theshareholder process.[Page H3890]</pre> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred To 2024-09-23T22:15:28Z hsba00 Financial Services Committee House Standing Unknown 2024-09-19T20:24:42Z Unknown 2024-09-19T18:44:41Z Reported By 2023-12-22T14:24:41Z Markup By 2023-07-27T20:04:00Z Referred To 2023-07-20T13:05:40Z H. Rept. 118-336 Public Company Advisory Committee Act of 2023 118 4652 HR 2023-07-14 Referred to the House Committee on Financial Services. Related bill CRS Protecting U.S. Business Sovereignty Act 118 4653 HR 2023-07-14 Referred to the House Committee on Financial Services. Related bill CRS To amend the Securities Exchange Act of 1934 to require the Securities and Exchange Commission to disclose and report on non-material disclosure mandates, and for other purposes. 118 4628 HR 2023-07-13 Referred to the House Committee on Financial Services. Related bill CRS Providing for consideration of the bill (H.R. 3724) to amend the Higher Education Act of 1965 to prohibit recognized accrediting agencies and associations from requiring, encouraging, or coercing institutions of higher education to meet any political litmus test or violate any right protected by the Constitution as a condition of accreditation; providing for consideration of the bill (H.R. 4790) to amend the Federal securities laws with respect to the materiality of disclosure requirements, to establish the Public Company Advisory Committee, and for other purposes; providing for consideration of the bill (H.R. 5179) to require the maintenance of the country of origin markings for imported goods produced in the West Bank or Gaza, and for other purposes; providing for consideration of the bill (H.R. 5339) to amend the Employee Retirement Income Security Act of 1974 to specify requirements concerning the consideration of pecuniary and non-pecuniary factors, and for other purposes; providing for consideration of the bill (H.R. 5717) to provide that sanctuary jurisdictions that provide benefits to aliens who are present in the United States without lawful status under the immigration laws are ineligible for Federal funds intended to benefit such aliens; providing for consideration of the bill (H.R. 7909) to amend the Immigration and Nationality Act to provide that aliens who have been convicted of or who have committed sex offenses or domestic violence are inadmissible and deportable; and providing for consideration of the joint resolution (H.J. Res. 136) providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Environmental Protection Agency relating to "Multi-Pollutant Emissions Standards for Model Years 2027 and Later Light-Duty and Medium-Duty Vehicles". 118 1455 HRES 2024-09-18 Motion to reconsider laid on the table Agreed to without objection. 14:05:53 Related bill House Procedurally-related House To amend the Securities Exchange Act of 1934 to provide for the registration of proxy advisory firms, and for other purposes. 118 4589 HR 2023-07-12 Referred to the House Committee on Financial Services. Related bill CRS Prioritizing Economic Growth Over Woke Policies Act 118 4790 HR 2024-09-23 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS Protecting Retail Investors’ Savings Act 118 4600 HR 2023-07-13 Referred to the House Committee on Financial Services. Related bill CRS American FIRST Act of 2023 118 4823 HR 2023-12-19 Placed on the Union Calendar, Calendar No. 264. Related bill CRS Protecting U.S. Business Sovereignty Act 118 4625 HR 2023-07-13 Referred to the House Committee on Foreign Affairs. Related bill CRS 2024-09-23 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 2024-09-19 16:31:13 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2024-09-19 16:31:11 On passage Passed by the Yeas and Nays: 215 - 203, 1 Present (Roll no. 435). (text of amendment in the nature of a substitute: CR H5477-5486) Floor H37100 2 House floor actions 435 https://clerk.house.gov/evs/2024/roll435.xml House 118 2024-09-19T20:31:11Z 2 2024-09-19 16:31:11 Passed/agreed to in House: On passage Passed by the Yeas and Nays: 215 - 203, 1 Present (Roll no. 435). (text of amendment in the nature of a substitute: CR H5477-5486) Floor 8000 9 Library of Congress 435 https://clerk.house.gov/evs/2024/roll435.xml House 118 2024-09-19T20:31:11Z 2 2024-09-19 16:24:42 On motion to recommit Failed by the Yeas and Nays: 206 - 211 (Roll no. 434). Floor H36210 2 House floor actions hsba00 Financial Services Committee 434 https://clerk.house.gov/evs/2024/roll434.xml House 118 2024-09-19T20:24:42Z 2 2024-09-19 16:18:05 Considered as unfinished business. (consideration: CR H5496-5498) Floor H30000 2 House floor actions 2024-09-19 14:45:28 POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 4790, the Chair put the question on the motion to recommit and by voice vote, announced that the ayes had prevailed. Mr. Huizenga demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced. Floor H8D000 2 House floor actions 2024-09-19 14:44:55 The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX. Floor H8A000 2 House floor actions 2024-09-19 14:44:41 Mr. Casten moved to recommit to the Committee on Financial Services. (text: CR H5494) Floor H36200 2 House floor actions hsba00 Financial Services Committee 2024-09-19 14:44:08 The previous question was ordered pursuant to the rule. Floor H35000 2 House floor actions 2024-09-19 13:34:07 DEBATE - The House proceeded with one hour of debate on H.R. 4790. Floor H8D000 2 House floor actions 2024-09-19 13:32:47 Rule provides for consideration of H.R. 3724, H.R. 4790, H.R. 5179, H.R. 5339, H.R. 5717, H.R. 7909 and H.J. Res. 136. The resolution provides for consideration of H.R. 3724 and H.R. 5717 under a structured rule and H.R. 4790, H.R. 5179, H.R. 5339, H.R. 7909, and H.J. Res. 136 under a closed rule. The resolution provides for one hour of general debate and one motion to recommit on each measure. Floor H8D000 2 House floor actions 2024-09-19 13:32:42 Considered under the provisions of rule H. Res. 1455. (consideration: CR H5477-5494) Floor H30000 2 House floor actions 2024-09-17 21:40:18 Rules Committee Resolution H. Res. 1455 Reported to House. Rule provides for consideration of H.R. 3724, H.R. 4790, H.R. 5179, H.R. 5339, H.R. 5717, H.R. 7909 and H.J. Res. 136. The resolution provides for consideration of H.R. 3724 and H.R. 5717 under a structured rule and H.R. 4790, H.R. 5179, H.R. 5339, H.R. 7909, and H.J. Res. 136 under a closed rule. The resolution provides for one hour of general debate and one motion to recommit on each measure. Floor H1L210 2 House floor actions 2023-12-22 Placed on the Union Calendar, Calendar No. 275. Calendars H12410 2 House floor actions U00275 2023-12-22 Reported (Amended) by the Committee on Financial Services. H. Rept. 118-336. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2023-12-22 Reported (Amended) by the Committee on Financial Services. H. Rept. 118-336. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2023-07-27 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 21. Committee 2023-07-27 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held Committee 2023-07-20 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2023-07-20 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-07-20 Introduced in House IntroReferral 1000 9 Library of Congress H001058 Rep. Huizenga, Bill [R-MI-4] Bill Huizenga R MI 4 N M001204 Rep. Meuser, Daniel [R-PA-9] Daniel Meuser R PA 9 2023-07-20 True L000491 Rep. Lucas, Frank D. [R-OK-3] FRANK LUCAS R OK D. 3 2023-07-20 True M001195 Rep. Mooney, Alexander X. [R-WV-2] Alexander Mooney R WV X. 2 2023-07-20 True 2024-04-05T17:03:00Z H.R. 4790, GUARDRAIL Act of 2023 https://www.cbo.gov/publication/60195 As reported by the House Committee on Financial Services on December 22, 2023 Finance and Financial Sector Administrative law and regulatory procedures 2024-07-18T16:24:14Z Advisory bodies 2024-07-18T15:55:04Z Business records 2024-07-18T16:13:42Z Congressional oversight 2024-07-18T16:27:26Z Consumer affairs 2024-07-18T16:25:21Z Corporate finance and management 2024-07-18T16:25:02Z European Union 2024-07-18T16:23:46Z Financial services and investments 2024-07-18T16:23:03Z Foreign and international corporations 2024-07-18T16:23:24Z Government studies and investigations 2024-07-18T16:27:10Z Internet, web applications, social media 2024-07-18T16:07:02Z Securities 2024-07-18T15:58:58Z Securities and Exchange Commission (SEC) 2024-07-18T16:24:20Z Finance and Financial Sector 2023-07-31T14:30:23Z

00 2023-07-20 Introduced in House 2024-06-20T13:30:31Z Guiding Uniform and Responsible Disclosure Requirements and Information Limits Act of 2023 or the GUARDRAIL Act of 2023This bill limits the disclosures required by issuers of securities as a result of a rulemaking and establishes the Public Company Advisory Committee.First, the bill requires the Securities and Exchange Commission (SEC) to limit issuer disclosure requirements made in a rulemaking. Specifically, the SEC must provide that an issuer of securities is only required to disclose information in response to a rulemaking if the issuer determines that this information is material with respect to a voting or investment decision regarding the issuer’s securities.The bill also requires the SEC to report on its website each required disclosure of nonmaterial information under current federal securities laws and regulations and a justification for the disclosure. The SEC must report this information to Congress every five years. The bill also establishes that a person's failure to disclose such nonmaterial information is not a liability in a private action.Further, the bill establishes the Public Company Advisory Committee within the SEC. The committee must advise the SEC on regulatory priorities, public reporting and corporate governance of public companies, shareholder meetings and the proxy process, and other topics. The committee must be comprised of individuals who are officials of public companies, have senior managerial responsibility in associations that represent the interests of public companies, or provide professional advice and services to public companies.  Finally, the bill requires the SEC to report on the effects of the European Union's directives on corporate sustainability, particularly on U.S. companies, consumers, and investors.

07 2023-12-22 Reported to House 2024-08-19T16:47:26Z Guiding Uniform and Responsible Disclosure Requirements and Information Limits Act of 2023 or the GUARDRAIL Act of 2023This bill limits the disclosures required by issuers of securities as a result of a rulemaking and establishes the Public Company Advisory Committee.First, the bill requires the Securities and Exchange Commission (SEC) to limit issuer disclosure requirements made in a rulemaking. Specifically, the SEC must provide that an issuer of securities is only required to disclose information in response to a rulemaking if the issuer determines that this information is material with respect to a voting or investment decision regarding the issuer’s securities.The bill also requires the SEC to report on its website each required disclosure of nonmaterial information under current federal securities laws and regulations and a justification for the disclosure. The SEC must report this information to Congress every five years. The bill also establishes that a person's failure to disclose such nonmaterial information is not a liability in a private action.Further, the bill establishes the Public Company Advisory Committee within the SEC. The committee must advise the SEC on regulatory priorities, public reporting and corporate governance of public companies, shareholder meetings and the proxy process, and other topics. The committee must be comprised of individuals who are officials of public companies, have senior managerial responsibility in associations that represent the interests of public companies, or provide professional advice and services to public companies.  Finally, the bill requires the SEC to report on the effects of the European Union's directives on corporate sustainability, particularly on U.S. companies, consumers, and investors.

Prioritizing Economic Growth Over Woke Policies Act Short Title(s) for portions of this bill from RFS (Referred to Senate) bill text 256 Protecting Americans’ Retirement Savings from Politics Act 2024-09-25T02:38:13Z S Senate Referred in Senate RFS Short Title(s) for portions of this bill from RFS (Referred to Senate) bill text 256 Businesses Over Activists Act 2024-09-25T02:38:13Z S Senate Referred in Senate RFS Short Title(s) for portions of this bill from RFS (Referred to Senate) bill text 256 Guiding Uniform and Responsible Disclosure Requirements and Information Limits Act of 2023 2024-09-25T02:38:13Z S Senate Referred in Senate RFS Short Titles from RFS (Referred to Senate) bill text 255 Prioritizing Economic Growth Over Woke Policies Act 2024-09-25T02:38:13Z S Senate Referred in Senate RFS Short Title(s) for portions of this bill from RFS (Referred to Senate) bill text 256 American FIRST Act of 2023 2024-09-25T02:38:13Z S Senate Referred in Senate RFS Short Title(s) for portions of this bill from RFS (Referred to Senate) bill text 256 American Financial Institution Regulatory Sovereignty and Transparency Act of 2023 2024-09-25T02:38:13Z S Senate Referred in Senate RFS Short Title(s) as Passed House for portions of this bill 109 Guiding Uniform and Responsible Disclosure Requirements and Information Limits Act of 2023 2024-09-21T03:08:18Z H House Engrossed in House EH Short Title(s) as Passed House for portions of this bill 109 Businesses Over Activists Act 2024-09-21T03:08:18Z H House Engrossed in House EH Short Title(s) as Passed House 104 Prioritizing Economic Growth Over Woke Policies Act 2024-09-21T03:08:18Z H House Engrossed in House EH Short Title(s) as Passed House for portions of this bill 109 American FIRST Act of 2023 2024-09-21T03:08:18Z H House Engrossed in House EH Short Title(s) as Passed House for portions of this bill 109 American Financial Institution Regulatory Sovereignty and Transparency Act of 2023 2024-09-21T03:08:18Z H House Engrossed in House EH Short Title(s) as Passed House for portions of this bill 109 Protecting Americans’ Retirement Savings from Politics Act 2024-09-21T03:08:18Z H House Engrossed in House EH Display Title 45 Prioritizing Economic Growth Over Woke Policies Act 2024-09-21T03:08:18Z Short Title(s) as Introduced 101 Guiding Uniform and Responsible Disclosure Requirements and Information Limits Act of 2023 2024-05-24T13:38:22Z Introduced in House IH Short Title(s) as Reported to House 102 Guiding Uniform and Responsible Disclosure Requirements and Information Limits Act of 2023 2024-05-24T13:34:51Z H House Reported in House RH Official Title as Introduced 6 To amend the Federal securities laws with respect to the materiality of disclosure requirements, to establish the Public Company Advisory Committee, and for other purposes. 2024-03-18T21:12:02Z Introduced in House IH 1201 118 HAMDT Pursuant to the provisions of H. Res. 1455, in lieu of the amendment in the nature of a substitute recommended by the Committee on the Financial Services, an amendment in the nature of a substitute consisting of the text of Rules Committee Print 118-48, modified by the amendment printed in Part B is considerated adopted. 2024-09-20T08:09:12Z 2024-09-19 On agreeing to the Rules amendment (A001) Agreed to without objection. Rules Committee 2024-09-19T04:00:00Z House of Representatives 118 HR House H 4790 Prioritizing Economic Growth Over Woke Policies Act 2025-05-27 4 2024-09-19 On agreeing to the Rules amendment (A001) Agreed to without objection. 72500 9 Library of Congress 2024-09-19 Amendment in the nature of a substitute reported by the House Committee on Rules. NotUsed 71500 9 Library of Congress hsru00 Rules Committee 2024-09-19 House amendment offered/reported by: Amendment in the nature of a substitute reported by the House Committee on Rules. NotUsed 71500 9 Library of Congress hsru00 Rules Committee 2024-09-19 House amendment considered as adopted: On agreeing to the Rules amendment (A001) Agreed to without objection. 72500 9 Library of Congress Referred in Senate 2024-09-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr4790rfs/xml/BILLS-118hr4790rfs.xml Engrossed in House 2024-09-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr4790eh/xml/BILLS-118hr4790eh.xml Reported in House 2023-12-22T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr4790rh/xml/BILLS-118hr4790rh.xml Introduced in House 2023-07-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr4790ih/xml/BILLS-118hr4790ih.xml 2024-09-23 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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