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H.R. 4015 (115th): Corporate Governance Reform and Transparency Act of 2017

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About the bill

Source: Republican Policy Committee

H.R. 4015 enhances transparency in the shareholder proxy systems by requiring proxy advisory firms to register with the Securities and Exchange Commission (SEC), disclose potential conflicts of interest and codes of ethics, and make publicly available their methodologies for formulating proxy recommendation and analyses.

Each year, public companies hold shareholder meetings at which the company’s shareholders vote for the company’s directors and on other significant corporate actions that require shareholder approval. As part of this annual process, the SEC requires public companies to provide their shareholders with a proxy statement before shareholder meetings. A proxy statement includes all important facts about the matters to be voted on at a shareholder meeting, including, for example, information on board of director candidates, director compensation, executive compensation, related party transactions ...

Sponsor and status

Sean Duffy

Sponsor. Representative for Wisconsin's 7th congressional district. Republican.

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Last Updated: Dec 21, 2017
Length: 21 pages
Introduced
Oct 11, 2017
115th Congress (2017–2019)
Status
Died in a previous Congress

This bill was introduced in a previous session of Congress and was passed by the House on December 20, 2017 but was never passed by the Senate.

Source

Position statements

What legislators are saying

Brown Opening Statement at Banking Committee Hearing On Proposals to Examine Corporate Governance
    — Sen. Sherrod Brown [D-OH] on Jun 28, 2018

THIS WEEK IN CONGRESS - December 22, 2017
    — Rep. Gregorio Sablan [D-MP0] on Dec 25, 2017

On the House Floor This Week - 12/18/17
    — Rep. John Delaney [D-MD6, 2013-2018] on Dec 18, 2017

More statements at ProPublica Represent...

What stakeholders are saying

R Street Institute SpendingTracker.org estimates H.R. 4015 will add $5 million in new spending through 2022.

History

Oct 11, 2017
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Nov 14, 2017
 
Considered by House Committee on Financial Services

A committee held a hearing or business meeting about the bill.

Nov 15, 2017
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Dec 7, 2017
 
Reported by House Committee on Financial Services

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

Dec 20, 2017
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

H.R. 4015 (115th) was a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number H.R. 4015. This is the one from the 115th Congress.

This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not enacted by the end of a Congress is cleared from the books.

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“H.R. 4015 — 115th Congress: Corporate Governance Reform and Transparency Act of 2017.” www.GovTrack.us. 2017. November 27, 2020 <https://www.govtrack.us/congress/bills/115/hr4015>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.