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

This bill directs the Securities and Exchange Commission to raise the vote percentage amounts below which a company may exclude, from its proxy materials, resubmission of a shareholder proposal that previously failed passage. (Shareholder proposals previously included in the issuer's proxy materials may be excluded by the company from subsequent proxy materials if the proposal received less than a specified percentage of the vote the last time it was included. The percentage varies depending upon the number of times the proposal has been submitted previously.)