The record

LegislationLegislation· Sep 2024
HR 4790

Sponsored by Bill Huizenga (R)

Guiding Uniform and Responsible Disclosure Requirements and Information Limits Act of 2023

Would have limited company disclosures to information that matters to investors and tightened rules for proxy advisory firms.

Tradeoff

Would have cut required company disclosures to information that is material to investors. Would have also restricted proxy advisory firms and let companies exclude more shareholder proposals.

What's in it

See official bill text
H.R. 4790, GUARDRAIL Act of 2023www.cbo.gov/publication/60195 · Apr 2024

The House passed the bill 215-203 on September 19, 2024. The House rejected a motion to send it back to committee, 206-211, the same day. The Senate never voted on it before the bill expired with the 118th Congress.

  1. House

    Introduced

    (Jul 20, 2023)

  2. House

    Committee on Financial Services(Jul 20, 2023)

  3. House

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

    Reported 29 - 21(Jul 27, 2023)

    Committee report H. Rept. 118-336.

  4. House

    On

    GUARDRAIL Act

    Failed(Roll #434 · Sep 19, 2024)

    206 yeanay 211

  5. House

    Passage of the bill

    GUARDRAIL Act

    Passed(Roll #435 · Sep 19, 2024)

    215 yeanay 203

  6. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(Sep 23, 2024)

Passage votes· Sep 19, 2024· 118th Congress · 2023–2025