To clarify that an issuer may exclude a shareholder proposal pursuant to section 240.14a-8(i) of title 17, Code of Federal Regulations, without regard to whether such proposal relates to a significant social policy issue.

Bill: 118-hr-4657
Sponsor: full_name: Rep. Rose, John W. [R-TN-6]
Introduced: 2023-07-14
Policy area: Finance and Financial Sector
Latest action: action_date: 2023-07-14
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2023-07-14
action_desc: Introduced in House
text: <p>This bill allows an issuer of securities to exclude a shareholder proposal from proxy statements despite the proposal relating to a significant social policy issue. Currently, an issuer may exclude a proposal if it deals with a matter relating to its ordinary business operations unless the proposal raises a significant social policy issue.&nbsp;</p>

tv_txt: I 118th CONGRESS 1st Session H. R. 4657 IN THE HOUSE OF REPRESENTATIVES July 14, 2023 Mr. Rose introduced the following bill; which was referred to the Committee on Financial Services A BILL To clarify that an issuer may exclude a shareholder proposal pursuant to section 240.14a–8(i) of title 17, Code of Federal Regulations, without regard to whether such proposal relates to a significant social policy issue.

1. Exclusions available regardless of significant social policy issue An issuer may exclude a shareholder proposal pursuant to section 240.14a–8(i) of title 17, Code of Federal Regulations, without regard to whether such shareholder proposal relates to a significant social policy issue.