Enhancing Multi-Class Share Disclosures Act
Stock Market: New Rules for Company Voting Power Disclosures
Stalled
No legislative action in over 90 days.
Legislative Progress
Key Points
- This plan requires companies with different types of stock to be more open about who really controls the business. Some companies give certain people more votes per share than others, which can make it hard for regular investors to know how much influence leaders actually have.
- Companies would have to list exactly how many shares and what percentage of total voting power is held by their directors, top executives, and anyone who owns more than 5% of the company's voting power. This information would be included in the paperwork sent to shareholders before annual meetings.
- This change helps everyday investors and people with retirement accounts see if a small group of insiders has enough power to outvote everyone else on major decisions. The goal is to make the stock market more transparent so people know exactly how much say they have in the companies they own.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 381 - 31 (Roll no. 217). (text: 07/21/2025 CR H3508)
The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 381 - 31 (Roll no. 217). (text: 07/21/2025 CR H3508)
The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.
Considered as unfinished business. (consideration: CR H3621-3622)
Vote Results
1 voteOn Motion to Suspend the Rules and Pass, as Amended
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Enhancing Multi-Class Share Disclosures Act
Data Sources
Sponsor
Analysis generated by AI. Always verify with official sources.