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Corporate Governance Reform and Transparency Act of 2019

USA116th CongressHR-5116| House 
| Updated: 11/15/2019
Bryan Steil

Bryan Steil

Republican Representative

Wisconsin

Cosponsors (9)
Lance Gooden (Republican)William R. Timmons (Republican)J. French Hill (Republican)Andy Barr (Republican)Ann Wagner (Republican)Denver Riggleman (Republican)Trey Hollingsworth (Republican)John W. Rose (Republican)Ted Budd (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

HR 115-4015
Corporate Governance Reform and Transparency Act of 2017
Nov 15, 2019
Introduced in House
Nov 15, 2019
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 115-4015
    Corporate Governance Reform and Transparency Act of 2017


  • November 15, 2019
    Introduced in House


  • November 15, 2019
    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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 115-4015
Corporate Governance Reform and Transparency Act of 2017
Nov 15, 2019
Introduced in House
Nov 15, 2019
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 115-4015
    Corporate Governance Reform and Transparency Act of 2017


  • November 15, 2019
    Introduced in House


  • November 15, 2019
    Referred to the House Committee on Financial Services.
Bryan Steil

Bryan Steil

Republican Representative

Wisconsin

Cosponsors (9)
Lance Gooden (Republican)William R. Timmons (Republican)J. French Hill (Republican)Andy Barr (Republican)Ann Wagner (Republican)Denver Riggleman (Republican)Trey Hollingsworth (Republican)John W. Rose (Republican)Ted Budd (Republican)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative remediesBusiness ethicsCompetition and antitrustCorporate finance and managementGovernment information and archivesLicensing and registrationsSecuritiesSecurities and Exchange Commission (SEC)