HOUSE 4655118th CongressPlaced on the Union Calendar, Calendar No. 265.

Businesses Over Activists Act

Last Action: 12/19/2023

Actions

2023-12-19Placed on the Union Calendar, Calendar No. 265.
2023-12-19Reported (Amended) by the Committee on Financial Services. H. Rept. 118-326.
2023-12-19Reported (Amended) by the Committee on Financial Services. H. Rept. 118-326.
2023-07-27Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 21.
2023-07-27Committee Consideration and Mark-up Session Held
2023-07-14Referred to the House Committee on Financial Services.
2023-07-14Introduced in House
2023-07-14Introduced in House

CRS Summary

As of 2023-12-19 (07)

Businesses Over Activists Act

This bill prohibits the Securities and Exchange Commission (SEC) from compelling a publicly traded company to include a shareholder proposal or a discussion of a proposal in a proxy statement. Under current SEC rules, certain qualifying shareholder proposals must be included on a company's proxy statement. Proxy statements are provided to shareholders before shareholder meetings and contain disclosures required by the SEC.

Subjects

Business ethics
Minority employment
Women's employment

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