To amend the Securities Exchange Act of 1934 to provide for the registration of proxy advisory firms, and for other purposes.
Putting Investors First Act of 2023 This bill requires a proxy advisory firm to register with the Securities and Exchange Commission and prohibits an unregistered proxy advisory firm from using interstate commerce to provide proxy-voting advice, research, analysis, or recommendations to any client. With respect to these firms, the bill (1) establishes procedures for both registration and termination of registration; (2) requires each firm to employ an ombudsman, designate a compliance officer, and publicly disclose conflicts of interest; (3) allows issuers to assess and comment on proxy voting recommendations; and (4) prohibits unfair, coercive, or abusive practices. The bill establishes a private right of action against a proxy advisory firm that endorses an approved proposal that is not supported by the issuer and is found to be illegal.
Public Company Advisory Committee Act of 2023
Putting Investors First Act of 2023
Veterans Accessibility Advisory Committee Act of 2024
Protecting Americans’ Retirement Savings from Politics Act
PHEMCE Advisory Committee Act of 2023
Retirement Proxy Protection Act
Legislative Proxy and Absence Accommodation Resolution
To amend the Securities Exchange Act of 1934 to provide for duties of certain investment advisors, asset managers, and pension funds with respect to voting on shareholder proposals, and for other purposes.