Protecting American’s Savings Act

referredUnited States· United States Congress· EN

Introduced

14 July 2023

Last action

14 July 2023 · Introduced

Status

Referred to the House Committee on Financial Services.

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

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

Votes

No vote records are attached yet.

Versions

Introduced in House · 14 July 2023 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 14 July 2023
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Introduced in House (PDF)
Introduced in House · EN · 14 July 2023
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Introduced in House
summary · EN · 14 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/4656
Open data entity: https://api.congress.gov/v3/bill/118/hr/4656
us · 118-hr-4656 · source updated 27 May 2025