Summary: H.R.3088 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.3088. Bill summaries are authored by CRS.

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Introduced in House (06/04/2019)

Shareholder Protection Act of 2019

This bill directs the Securities and Exchange Commission to increase specified resubmission thresholds for shareholder proposals. (Current regulations allow the resubmission of a shareholder proposal that has been previously included in an issuer's proxy materials if, when the proposal was last included, it received a specified percentage of the vote; this percentage, which varies depending upon the number of times a proposal has been previously submitted, represents the minimum threshold at which resubmission is permissible.)