Corporate Governance Reform and Transparency Act of 2019 This bill requires a proxy advisory firm to register with the Securities and Exchange Commission (SEC) and prohibits an unregistered proxy advisory firm from using interstate commerce to provide proxy-voting research, analysis, or recommendations to any client. With respect to these firms, the bill (1) establishes procedures for both registration and termination of registration; (2) requires each firm to employ an ombudsman, designate a compliance officer, and file specified documents with the SEC; and (3) prohibits unfair, coercive, or abusive practices. The SEC must report annually on its website regarding registration applications and related matters.
Corporate Governance Reform and Transparency Act of 2017
Introduced in House
Referred to the House Committee on Financial Services.
Finance and Financial Sector
Administrative remediesBusiness ethicsCompetition and antitrustCorporate finance and managementGovernment information and archivesLicensing and registrationsSecuritiesSecurities and Exchange Commission (SEC)
Corporate Governance Reform and Transparency Act of 2019
USA116th CongressHR-5116| House
| Updated: 11/15/2019
Corporate Governance Reform and Transparency Act of 2019 This bill requires a proxy advisory firm to register with the Securities and Exchange Commission (SEC) and prohibits an unregistered proxy advisory firm from using interstate commerce to provide proxy-voting research, analysis, or recommendations to any client. With respect to these firms, the bill (1) establishes procedures for both registration and termination of registration; (2) requires each firm to employ an ombudsman, designate a compliance officer, and file specified documents with the SEC; and (3) prohibits unfair, coercive, or abusive practices. The SEC must report annually on its website regarding registration applications and related matters.
Administrative remediesBusiness ethicsCompetition and antitrustCorporate finance and managementGovernment information and archivesLicensing and registrationsSecuritiesSecurities and Exchange Commission (SEC)