To amend the Securities Exchange Act of 1934 to provide for liability for certain failures to disclose material information in connection with proxy voting advice, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

12 July 2023

Last action

12 July 2023 · Introduced

Status

Referred to the House Committee on Financial Services.

Summary

This bill specifies what is considered a false or misleading statement concerning a material fact for liability purposes in the context of the sale or purchase of securities. Particularly, the bill specifies that this liability extends to certain actions performed by a proxy voting advice businesss. (Proxy voting advice businesses provide voting services and advice to institutional investors in public companies for proposals presented at shareholder meetings.) Under the bill, a proxy voting advice business may be held liable if it fails to disclose its methodology, sources of information, or conflicts of interest, or if it makes a material misstatement when providing proxy voting advice.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

12 July 2023
Introduced
Introduced in House
Source: IntroReferral
12 July 2023
Introduced
Referred to the House Committee on Financial Services.
Source: IntroReferral
12 July 2023
Introduced
Introduced in House
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in House · 12 July 2023 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 12 July 2023
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Introduced in House (PDF)
Introduced in House · EN · 12 July 2023
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Introduced in House
summary · EN · 12 July 2023
Open at official source
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Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
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Related records

related to ← Protecting Americans’ Retirement Savings from Politics Act

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/118th-congress/house-bill/4590
Open data entity: https://api.congress.gov/v3/bill/118/hr/4590
us · 118-hr-4590 · source updated 27 May 2025