Protecting American’s Savings Act

Summary

Protecting American’s Savings Act This bill prohibits the use of robovoting, or automatic voting in a shareholder vote according to the recommendations of a proxy advisory firm. (Proxy advisory firms provide voting services and advice to clients who invest in public companies for proposals presented at shareholder meetings.) Further, the bill prohibits institutional investors from outsourcing any such voting decisions. Finally, under the bill, no person is required to vote in a shareholder vote.  

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

Timeline

1. 14 July 2023

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 14 July 2023

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 July 2023

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 July 2023 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 July 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 July 2023

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 14 July 2023

  Open at official source

Sponsors

• Zachary Nunn · R · Sponsor
• · hsba00 · Standing

Related records

• related to ← Protecting Americans’ Retirement Savings from Politics Act