Corporate Governance Reform and Transparency Act of 2019

Summary

Corporate Governance Reform and Transparency Act of 2019 This bill requires a proxy advisory firm to register with the Securities and Exchange Commission (SEC) and prohibits an unregistered proxy advisory firm from using interstate commerce to provide proxy-voting 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 file specified documents with the SEC; and (3) prohibits unfair, coercive, or abusive practices. The SEC must report annually on its website regarding registration applications and related matters.

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

Timeline

1. 15 November 2019

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 15 November 2019

   Introduced

   Introduced in House

   Source: IntroReferral

3. 15 November 2019

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 15 November 2019 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 November 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 15 November 2019

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 15 November 2019

  Open at official source

Sponsors

• Bryan Steil · R · Sponsor
• Ann Wagner · R · Sponsor
• Denver Riggleman · R · Sponsor
• Andy Barr · R · Sponsor
• Lance Gooden · R · Cosponsor
• Ted Budd · R · Cosponsor
• John Rose · R · Cosponsor
• William Timmons · R · Cosponsor
• J. Hill · R · Cosponsor
• Trey Hollingsworth · R · Cosponsor
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.