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    <number>1799</number>
    <updateDate>2025-12-05T08:07:23Z</updateDate>
    <updateDateIncludingText>2025-12-05T08:07:23Z</updateDateIncludingText>
    <originChamber>Senate</originChamber>
    <originChamberCode>S</originChamberCode>
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    <introducedDate>2023-06-01</introducedDate>
    <congress>118</congress>
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        <name>Banking, Housing, and Urban Affairs Committee</name>
        <chamber>Senate</chamber>
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            <name>Referred To</name>
            <date>2023-06-01T20:42:40Z</date>
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      <item>
        <title>Putting Investors First Act of 2023</title>
        <congress>118</congress>
        <number>448</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2023-01-24</actionDate>
          <text>Referred to the House Committee on Financial Services.</text>
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            <name>Banking, Housing, and Urban Affairs Committee</name>
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        <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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        <actionDate>2023-06-01</actionDate>
        <text>Introduced in Senate</text>
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        <actionCode>10000</actionCode>
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          <name>Library of Congress</name>
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    <sponsors>
      <item>
        <bioguideId>H000601</bioguideId>
        <fullName>Sen. Hagerty, Bill [R-TN]</fullName>
        <firstName>Bill</firstName>
        <lastName>Hagerty</lastName>
        <party>R</party>
        <state>TN</state>
        <isByRequest>N</isByRequest>
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    <policyArea>
      <name>Finance and Financial Sector</name>
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    <subjects>
      <legislativeSubjects/>
      <policyArea>
        <name>Finance and Financial Sector</name>
        <updateDate>2023-06-27T15:00:35Z</updateDate>
      </policyArea>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2023-06-01</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2024-02-08T20:52:31Z</updateDate>
        <cdata>
          <text>&lt;p&gt;&lt;b&gt;Putting Investors First Act of 2023&lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill&amp;nbsp;requires a proxy advisory firm to register with the Securities and Exchange Commission and prohibits an unregistered proxy advisory firm from using interstate commerce to provide proxy-voting advice, research, analysis, or recommendations to any client. &lt;/p&gt; &lt;p&gt;With respect to these firms, the bill (1)&amp;nbsp;establishes procedures for&amp;nbsp;both registration and termination of registration; (2) requires each firm to employ an ombudsman, designate a compliance officer, and publicly disclose conflicts of interest; (3) allows issuers to assess and comment on proxy voting recommendations; and (4) prohibits unfair, coercive, or abusive practices.&lt;/p&gt; &lt;p&gt;The bill establishes a private right of action against a proxy advisory firm that endorses an approved proposal that is not supported by the issuer and is found to be illegal.&lt;/p&gt;</text>
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    <title>Putting Investors First Act of 2023</title>
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        <titleTypeCode>45</titleTypeCode>
        <title>Putting Investors First Act of 2023</title>
        <updateDate>2024-07-24T15:21:50Z</updateDate>
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        <titleType>Short Title(s) as Introduced</titleType>
        <titleTypeCode>101</titleTypeCode>
        <title>Putting Investors First Act of 2023</title>
        <updateDate>2024-05-24T13:39:16Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
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      <item>
        <titleType>Official Title as Introduced</titleType>
        <titleTypeCode>6</titleTypeCode>
        <title>A bill to amend the Securities Exchange Act of 1934 to require the registration of proxy advisory firms, and for other purposes.</title>
        <updateDate>2024-02-10T09:08:26Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
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        <type>Introduced in Senate</type>
        <date>2023-06-01T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-118s1799is/xml/BILLS-118s1799is.xml</url>
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    <latestAction>
      <actionDate>2023-06-01</actionDate>
      <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</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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