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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (1)

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To improve the quality of proxy advisory firms for the protection of investors and the U.S. economy, and in the public interest, by fostering accountability, transparency, responsiveness, and competition in the proxy advisory firm industry.


Actions Overview (1)

Date Actions Overview
11/15/2019Introduced in House

All Actions (2)

Date All Actions
11/15/2019Referred to the House Committee on Financial Services.
Action By: House of Representatives
11/15/2019Introduced in House
Action By: House of Representatives

Cosponsors (9)


Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Financial Services11/15/2019 Referred to

As of 12/11/2020 no related bill information has been received for H.R.5116 - Corporate Governance Reform and Transparency Act of 2019


Latest Summary (1)

There is one summary for H.R.5116. View summaries

Shown Here:
Introduced in House (11/15/2019)

Corporate Governance Reform and Transparency Act of 2019

This bill requires a proxy advisory firm to register with the Securities and Exchange Commission (SEC) and prohibits an unregistered proxy advisory firm from using interstate commerce to provide proxy-voting research, analysis, or recommendations to any client.

With respect to these firms, the bill (1) establishes procedures for both registration and termination of registration; (2) requires each firm to employ an ombudsman, designate a compliance officer, and file specified documents with the SEC; and (3) prohibits unfair, coercive, or abusive practices.

The SEC must report annually on its website regarding registration applications and related matters.