[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3088 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 3088

  To require the Securities and Exchange Commission to adjust certain 
           resubmission thresholds for shareholder proposals.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              June 4, 2019

  Mr. Duffy introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
  To require the Securities and Exchange Commission to adjust certain 
           resubmission thresholds for shareholder proposals.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Shareholder Protection Act of 
2019''.

SEC. 2. RESUBMISSION THRESHOLDS FOR SHAREHOLDER PROPOSALS.

    The Securities and Exchange Commission shall revise section 
240.14a-8(i)(12) of title 17, Code of Federal Regulations to--
            (1) in paragraph (i), adjust the 3 percent threshold to 6 
        percent;
            (2) in paragraph (ii), adjust the 6 percent threshold to 15 
        percent; and
            (3) in paragraph (iii), adjust the 10 percent threshold to 
        30 percent.
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