Stop Woke Investing Act

Summary

Stop Woke Investing Act This bill requires the Securities and Exchange Commission (SEC) to amend regulations to limit the inclusion of shareholder proposals in proxy statements. A proxy statement is provided to shareholders prior to a public company holding a shareholder meeting and contains information relevant to a shareholder vote. Under current SEC rules, certain qualifying shareholder proposals must be included on a company's proxy statement, including proposals that raise significant social policy issues. Under the bill, a shareholder proposal must have a material effect on the financial performance of the company to be included in a proxy statement. The bill also establishes a cap on the number of shareholder proposals required to be included with respect to a shareholder meeting depending on the size and type of the company. In addition, a proposal submitted by a member of the board of directors is prohibited from inclusion.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 1 November 2023

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 1 November 2023

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• Introduced in Senate

  summary · EN · 1 November 2023

  Open at official source

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