Businesses Over Activists Act

United States118th CongressHR-4655House of Representatives
Updated: Dec 19, 2023

Summary

Businesses Over Activists Act This bill prohibits the Securities and Exchange Commission (SEC) from compelling a publicly traded company to include a shareholder proposal or a discussion of a proposal in a proxy statement. Under current SEC rules, certain qualifying shareholder proposals must be included on a company's proxy statement. Proxy statements are provided to shareholders before shareholder meetings and contain disclosures required by the SEC.

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Timeline

  1. Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 21.

    House of Representatives

  2. Committee Consideration and Mark-up Session Held

    House of Representatives

  3. Reported (Amended) by the Committee on Financial Services. H. Rept. 118-326.

    House of Representatives

  4. Placed on the Union Calendar, Calendar No. 265.

    House of Representatives