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HOUSE 3357119th CongressReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Enhancing Multi-Class Share Disclosures Act

Last Action
7/24/2025

Actions

  • 2025-07-24Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • 2025-07-23Motion to reconsider laid on the table Agreed to without objection.
  • 2025-07-23On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 381 - 31 (Roll no. 217). (text: 07/21/2025 CR H3508)
  • 2025-07-23Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 381 - 31 (Roll no. 217). (text: 07/21/2025 CR H3508)
  • 2025-07-23Considered as unfinished business. (consideration: CR H3621-3622)
  • 2025-07-21At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
  • 2025-07-21DEBATE - The House proceeded with forty minutes of debate on H.R. 3357.
  • 2025-07-21Considered under suspension of the rules. (consideration: CR H3508)
  • 2025-07-21Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
  • 2025-06-03Placed on the Union Calendar, Calendar No. 90.
  • 2025-06-03Reported (Amended) by the Committee on Financial Services. H. Rept. 119-120.
  • 2025-06-03Reported (Amended) by the Committee on Financial Services. H. Rept. 119-120.
  • 2025-05-20Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.
  • 2025-05-20Committee Consideration and Mark-up Session Held
  • 2025-05-13Referred to the House Committee on Financial Services.

Showing 15 of 17 actions. Full history on Congress.gov.

CRS Summary

As of 2025-05-13 (00)

Enhancing Multi-Class Share Disclosures Act

This bill requires issuers of securities with multi-class share structures to disclose certain information in any proxy solicitation or consent solicitation material. A multi-class share structure occurs when a company issues two or more classes of shares that have different voting rights. For example, a company may issue one class of shares with no or few voting rights for the public, and another class with more voting rights for company founders and executives.

Under the bill, the issuer must disclose certain information about each director, director nominee, named executive officer, and each beneficial owner of securities with 5% or more of the total combined voting power of all classes of securities entitled to vote in the election of directors. Specifically, the issuer must disclose (1) the number of shares of all classes of securities entitled to vote in the election of directors beneficially owned by such person, and (2) the amount of voting power held by such person.

Subjects

  • Consumer affairs
  • Corporate finance and management
  • Financial services and investments
  • Securities
Read on Congress.gov

Sourced from Congress.gov (public domain).

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