Skip to content
Govbase
Govbase
Congress·Passed House·H.R. 3357

Stock Market: New Rules for Company Voting Power Disclosures

Enhancing Multi-Class Share Disclosures Act

8 months ago·View on Congress.gov
Part of: Congress Moves to Increase Transparency of Executive Voting Power
⏸

Stalled

No legislative action in over 90 days.

Legislative Progress

✓ House
Senate
President
Law

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.

Milestones

4 milestones15 actions
Jul 24, 2025Senate

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Jul 23, 2025House

Motion to reconsider laid on the table Agreed to without objection.

Jul 23, 2025House

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)

Jul 23, 2025

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)

Jul 23, 2025House

Considered as unfinished business. (consideration: CR H3621-3622)

Vote Results

1 vote
HousePassedProceduralJul 23, 2025

On Motion to Suspend the Rules and Pass, as Amended

381
31
Democrat
205 – 0 · 7
Republican
176 – 31 · 11
View full roll call

Source Information

Document Type

Congressional Bill

Official Title

Enhancing Multi-Class Share Disclosures Act

Bill NumberHR 3357
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsor

Analysis generated by AI. Always verify with official sources.