HR 10020
Stop Woke Investing Act
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Stop Woke Investing Act, limits the ability of publicly traded companies to include shareholder proposals related to social and political issues. It directs the Securities and Exchange Commission (SEC) to amend a regulation that restricts companies, particularly smaller ones, from having to include more than a limited number of shareholder proposals on their proxy cards. The bill defines what constitutes a ‘material’ proposal and aims to reduce the potential for shareholder activism on topics like diversity, equity, and inclusion initiatives.
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