HR 4655
Businesses Over Activists Act
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Bill overview
This bill limits the Securities and Exchange Commission’s (SEC) ability to require publicly traded companies to include shareholder proposals or discussions about them in their proxy statements. Currently, the SEC has rules that allow certain shareholder proposals to be presented to investors. This legislation would prevent the SEC from forcing companies to address these proposals, and it also reinforces that states retain authority over shareholder proposal regulations. The bill aims to reduce the influence of shareholder activists on corporate decision-making.
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