The record

LegislationLegislation· May 2023
HR 2795

Sponsored by Gregory W. Meeks (D)

Enhancing Multi-Class Share Disclosures Act

Would have required companies with two classes of stock to disclose each insider's voting power.

Tradeoff

Would have required companies with two stock classes to publish insider voting power in proxy materials. Would have covered directors, executives, and holders of 5% or more of votes.

What's in it

See official bill text
H.R. 2795, Enhancing Multi-Class Share Disclosures Actwww.cbo.gov/publication/59222 · May 2023

The House passed it 347-30 on May 30, 2023, and the Senate never voted before the Congress ended.

  1. House

    Introduced

    (Apr 24, 2023)

  2. House

    Committee on Financial Services(Apr 24, 2023)

  3. House

    The Committee on Financial Services voted to send it to the floor

    Reported 48 - 1(Apr 26, 2023)

    Committee report H. Rept. 118-79.

  4. House

    On Motion to and Pass, as Amended

    Passed(Roll #239 · May 30, 2023)

    347 yeanay 30

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(May 31, 2023)

Passage votes· May 30, 2023· 118th Congress · 2023–2025