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

Bill: 115-hr-5756
Sponsor: full_name: Rep. Duffy, Sean P. [R-WI-7]
Introduced: 2018-05-10
Policy area: Finance and Financial Sector
Subjects: Business records

Corporate finance and management

Securities
Latest action: action_date: 2018-08-24
text: Placed on the Union Calendar, Calendar No. 700.

Summaries:
action_date: 2018-05-10
action_desc: Introduced in House
text: <p>This bill directs the Securities and Exchange Commission to raise the vote percentage amounts below which a company may exclude, from its proxy materials,&nbsp;resubmission of a shareholder proposal that previously failed passage. (Shareholder proposals previously included in the issuer's proxy materials may be excluded by the company&nbsp;from subsequent proxy materials if the proposal received less than a specified percentage of the vote the last time it was included. The percentage varies depending upon the number of times the proposal&nbsp;has been&nbsp;submitted previously.)</p>

tv_txt: I 115th CONGRESS 2d Session H. R. 5756 IN THE HOUSE OF REPRESENTATIVES May 10, 2018 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.

1. 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.

tv_txt: IB Union Calendar No. 700 115th CONGRESS 2d Session H. R. 5756 [Report No. 115–904] IN THE HOUSE OF REPRESENTATIVES May 10, 2018 Mr. Duffy introduced the following bill; which was referred to the Committee on Financial Services August 24, 2018 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To require the Securities and Exchange Commission to adjust certain resubmission thresholds for shareholder proposals.

1. 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.

August 24, 2018 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed