[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4640 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 4640

   To authorize the exclusion of shareholder proposals from proxy or 
consent solicitation material if the subject matter of the shareholder 
            proposal is environmental, social, or political.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 14, 2023

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

_______________________________________________________________________

                                 A BILL


 
   To authorize the exclusion of shareholder proposals from proxy or 
consent solicitation material if the subject matter of the shareholder 
            proposal is environmental, social, or political.

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

SECTION 1. EXCLUSION OF CERTAIN ESG SHAREHOLDER PROPOSALS.

    A shareholder proposal submitted to an issuer pursuant to section 
240.14a-8 of title 17, Code of Federal Regulations, may be excluded by 
an issuer from its proxy or consent solicitation material for a meeting 
of the shareholders of such issuer if the subject matter of the 
shareholder proposal is environmental, social, or political (or a 
similar subject matter).
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