HR 4644
No Expensive, Stifling Governance Act of 2023
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- Passed House
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Bill overview
This bill, the No Expensive, Stifling Governance Act of 2023, aims to limit the inclusion of shareholder proposals in company proxy statements. It allows companies to exclude proposals that have already been addressed by the company’s own policies, practices, or procedures, or that are duplicates of previously submitted proposals. The bill also seeks to prevent the Securities and Exchange Commission from implementing a specific proposed rule regarding shareholder proposal exclusion.
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