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H.R. 3088: Shareholder Protection Act of 2019


The text of the bill below is as of Jun 4, 2019 (Introduced).


I

116th CONGRESS

1st Session

H. R. 3088

IN THE HOUSE OF REPRESENTATIVES

June 4, 2019

introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To require the Securities and Exchange Commission to adjust certain resubmission thresholds for shareholder proposals.

1.

Short title

This Act may be cited as the Shareholder Protection Act of 2019.

2.

Resubmission thresholds for shareholder proposals

The Securities and Exchange Commission shall revise section 240.14a–8(i)(12) of title 17, Code of Federal Regulations to—

(1)

in paragraph (i), adjust the 3 percent threshold to 6 percent;

(2)

in paragraph (ii), adjust the 6 percent threshold to 15 percent; and

(3)

in paragraph (iii), adjust the 10 percent threshold to 30 percent.