HR. 3402In Committee
To amend the Securities Exchange Act of 1934 to require certain disclosures by institutional investment managers in connection with proxy advisory firms, and for other purposes.
Plain-English overview
What this bill does
Require institutional investment managers using proxy advisory firms to disclose and certify how they vote on shareholder proposals and, for large managers, analyze certain votes for shareholders' best economic interest
Key points
- Require annual voting disclosures
- Require fiduciary interest certifications
- Require economic analysis reporting
Current status
Where it stands
Status
In Committee
Latest action
2025-05-14 — Referred to the House Committee on Financial Services.
Related context
Topics and policy areas
Select a topic to continue exploring related legislation, members, and committees.
Discovery signals
About these signals
Impact and Momentum are relative discovery aids calculated by Legislation Lemur. They help you scan the congressional record; they are not predictions, endorsements, ideological ratings, or measures of policy importance.
Impact ScoreOverall observed legislative footprint and accumulated activity.
MomentumHow recently active or changing the bill appears in available data.