To amend the Securities Exchange Act of 1934 to require certain disclosures by institutional investment managers in connection with proxy advisory firms, and for other purposes.
Legislative Progress
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
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vs 10,940 other HR bills in the 119th — cohort avg 30d
This bill requires certain institutional investment managers that use proxy advisory firms to disclose information related to voting on shareholder proposals. (Proxy advisory firms provide voting services and advice to institutional investors in public companies for proposals presented at shareholder meetings.) Generally, institutional investment managers must report annually (1) how the manager voted on each shareholder proposal, (2) the percentage of votes cast in accordance with proxy advisory firm recommendations, and (3) explanations such as how votes are reconciled with fiduciary duties. Managers must also certify that votes were based solely on the best economic interest of the shareholders. In addition, large institutional investment managers must (1) inform customers that shareholders are not required to vote on every proposal; (2) on certain votes, determine through an economic analysis the vote that is in the best economic interest of shareholders; and (3) report any such analysis annually.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (2)
2026 · third_quarter · Financial Institutions/Investments/Securities
**Issues lobbied without specific bill number: Climate Change Disclosures **Issues lobbied without specific bill number: SEC Cyber Incident Reporting H.R. 257 Climate Related Disclosures H.R. 3354 Financial Treatment of Insurers H.R. 3402 Proxy Advisor Firms H.R. 7128 Terrorism Risk Insurance S. 3711 Financial Institutions/Investments/Securities H.R. 8398 Financial Institutions S. 5158 Financial and Insurance Institutions
Referred to the House Committee on Financial Services.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: $1,600,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2026 · second_quarter · Financial Institutions/Investments/Securities
**Issues lobbied without specific bill number: Climate Change Disclosures **Issues lobbied without specific bill number: SEC Cyber Incident Reporting H.R. 257 Climate Related Disclosures H.R. 3354 Financial Treatment of Insurers H.R. 3402 Proxy Advisor Firms H.R. 7128 Terrorism Risk Insurance S. 3711 Financial Institutions/Investments/Securities H.R. 8398 Financial Institutions
Client expense: $2,140,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2026 · first_quarter · Financial Institutions/Investments/Securities
**Issues lobbied without specific bill number: Climate Change Disclosures **Issues lobbied without specific bill number: SEC Cyber Incident Reporting H.R. 257 Climate Related Disclosures H.R. 3354 Financial Treatment of Insurers H.R. 3402 Proxy Advisor Firms H.R. 7128 Terrorism Risk Insurance S. 3711 Financial Institutions/Investments/Securities
Client expense: $1,440,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2025 · fourth_quarter · Financial Institutions/Investments/Securities
**Issues lobbied without specific bill number: Climate Change Disclosures **Issues lobbied without specific bill number: SEC Cyber Incident Reporting H.R. 257 Climate Related Disclosures H.R. 3354 Financial Treatment of Insurers H.R. 3402 Proxy Advisor Firms
Client expense: $1,400,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2025 · third_quarter · Financial Institutions/Investments/Securities
**Issues lobbied without specific bill number: Climate Change Disclosures **Issues lobbied without specific bill number: SEC Cyber Incident Reporting H.R. 257 Climate Related Disclosures H.R. 3354 Financial Treatment of Insurers H.R. 3402 Proxy Advisor Firms
Client expense: $1,410,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
H.R. 1723, the Tribal Labor Sovereignty Act of 2025 H.R. 2844, the Michael Enzi Voluntary Protection Program Act H.R. 3402, a bill to amend the Securities Exchange Act of 1934 to require certain disclosures by institutional investment managers in connection with proxy advisory firms H.R. 3838, the Streamlining Procurement for Effective Execution and Delivery and National Defense Authorization Act for Fiscal Year 2026 H.R. 4312, SCORE Act H.R. 4589, a bill to amend the Securities Exchange Act of 1934 to provide for the registration of proxy advisory firms H.R. 4655, the Businesses Over Activists Act H.R.1319 - To amend the Fair Labor Standards Act of 1938 and the National Labor Relations Act to clarify the standard for determining whether an individual is an employee, and for other purposes. H.R.1320 - To ensure that the provision of portable benefits to an individual is not considered in determining whether such individual is an employee of a person. H.R.20 & S.852 - Protecting the Right to Organize Act H.R.2572 Worker Enfranchisement Act H.R.2736 & S.1352 Public Service Freedom to Negotiate Act H.R.3120 Modern Worker Security Act H.R.4154 Employee Rights Act H.R.4366, the Save Local Business Act H.R.5267 American Franchise Act H.R.5408 & S.844 Faster Labor Contracts Act HR 2550 Protect America's Workforce Act HR 4528 Labor Management Reporting and Disclosure Act reform (no bill number assigned) LETS Protect Workers Act (bill number not assigned yet) NLRB Board Nominations for James Murphy & Scott Mayer NLRB General Counsel Nomination for Crystal Carey S 2837 Protect America's Workforce Act S.2210 Unlocking Benefits for Independent Workers Act S.2228 Modern Worker Empowerment Act S.2731 Empowering Striking Workers Act Tax Cut for Striking Workers Act Union Participation for All Act (bill number not assigned yet)
Client expense: $860,000 · Firm income: Not reported
2025 · third_quarter · Financial Institutions/Investments/Securities
**Issues lobbied without specific bill number: Climate Change Disclosures **Issues lobbied without specific bill number: SEC Cyber Incident Reporting H.R. 257 Climate Related Disclosures H.R. 3354 Financial Treatment of Insurers H.R. 3402 Proxy Advisor Firms
Client expense: $1,410,000 · Firm income: Not reported
2025 · second_quarter · Financial Institutions/Investments/Securities
**Issues lobbied without specific bill number: Climate Change Disclosures **Issues lobbied without specific bill number: SEC Cyber Incident Reporting H.R. 257 Climate Related Disclosures H.R. 3354 Financial Treatment of Insurers H.R. 3402 Proxy Advisor Firms
Client expense: $1,740,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Government targets: HOUSE OF REPRESENTATIVES, SENATE