H. R. 3088
IN THE HOUSE OF REPRESENTATIVES
June 4, 2019
Mr. Duffy introduced the following bill; which was referred to the Committee on Financial Services
To require the Securities and Exchange Commission to adjust certain resubmission thresholds for shareholder proposals.
This Act may be cited as the
Shareholder Protection Act of 2019.
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—
in paragraph (i), adjust the 3 percent threshold to 6 percent;
in paragraph (ii), adjust the 6 percent threshold to 15 percent; and
in paragraph (iii), adjust the 10 percent threshold to 30 percent.