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Multi-Class Stock Company Voting Transparency Act.

USA119th CongressHR-9732| House 
| Updated: 7/16/2026
Sean Casten

Sean Casten

Democratic Representative

Illinois

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill proposes to amend the Securities Exchange Act of 1934 to increase transparency in shareholder voting for companies with multi-class share structures. It mandates that the Securities and Exchange Commission (SEC) establish new rules requiring specific disclosures from these issuers. Under the proposed amendment, companies with two or more classes of voting securities would be required to disclose detailed shareholder voting results for each meeting where shareholders vote as one class. These disclosures must include the total number of votes cast for, against, or withheld, as well as the total number of abstentions and broker non-votes . All reported data must be disaggregated by each class of voting security held , aiming to provide greater clarity on the influence of different share classes in corporate decisions.

Bill Text Versions

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Timeline
Jul 16, 2026
Introduced in House
Jul 16, 2026
Referred to the House Committee on Financial Services.
  • July 16, 2026
    Introduced in House


  • July 16, 2026
    Referred to the House Committee on Financial Services.

Multi-Class Stock Company Voting Transparency Act.

USA119th CongressHR-9732| House 
| Updated: 7/16/2026
This bill proposes to amend the Securities Exchange Act of 1934 to increase transparency in shareholder voting for companies with multi-class share structures. It mandates that the Securities and Exchange Commission (SEC) establish new rules requiring specific disclosures from these issuers. Under the proposed amendment, companies with two or more classes of voting securities would be required to disclose detailed shareholder voting results for each meeting where shareholders vote as one class. These disclosures must include the total number of votes cast for, against, or withheld, as well as the total number of abstentions and broker non-votes . All reported data must be disaggregated by each class of voting security held , aiming to provide greater clarity on the influence of different share classes in corporate decisions.

Bill Text Versions

View Text
2 versions available

Suggested Questions

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

Timeline
Jul 16, 2026
Introduced in House
Jul 16, 2026
Referred to the House Committee on Financial Services.
  • July 16, 2026
    Introduced in House


  • July 16, 2026
    Referred to the House Committee on Financial Services.
Sean Casten

Sean Casten

Democratic Representative

Illinois

Financial Services Committee

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