H.J.Res. 36 · 117th Congress · House

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Procedural Requirements and Resubmission Thresholds Under Exchange Act Rule 14a-8".

Active· Referred to the House Committee on Financial Services.
Introduced
Mar 26, 21
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Frequently Asked

The basics

›Who introduced it, and what's their district or state?
Michael San Nicolas (?-?).
›Is this a Republican bill, a Democratic bill, or bipartisan?
Party information unavailable.
›When was it introduced?
Introduced on March 26, 2021.

Political context

›Is there a companion bill in the other chamber?
No companion bill recorded.

Legislative process

›What committee(s) have jurisdiction?
Referred to: Financial Services Committee.
›Where is it in the legislative process right now?
Referred to the House Committee on Financial Services.
›Has it been marked up, reported, or scheduled for a floor vote?
No committee markup recorded yet.

Practical actions

›How did my representative vote (if there's been a vote)?
See the Votes tab for individual member positions when a roll-call vote is recorded.
›How can I contact my member of Congress about it?
Use the U.S. Senate or House contact directory to reach your representative. Sponsor (Michael San Nicolas) profile: https://bioguide.congress.gov/search/bio/S001204.

Executive Summary

This joint resolution nullifies the final rule issued by the Securities and Exchange Commission titled Procedural Requirements and Resubmission Thresholds Under Exchange Act Rule 14a-8 and published on November 4, 2020.

The rule provides additional requirements for the inclusion of shareholder proposals in proxy statements, such as increasing the securities ownership requirements for submitting a proposal and increasing the level of support a proposal must receive to be eligible for resubmission at a future shareholder meeting. (Proxy statements must be filed by a publicly traded company and provided to shareholders before shareholder meetings. Proxy statements contain information regarding matters such as the election of directors and shareholder proposals.)