Corporate Governance Reform and Transparency Act of 2019
Latest action · Nov 15, 2019 Referred to the House Committee on Financial Services.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedNov 15, 2019
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 9
Members who signed on, in the order they did. Signatures ran from Nov 15, 2019 to Dec 12, 2019, with 3 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-KY | Andy Barr | Original | Nov 15, 2019 |
| R-MO | Ann Wagner | Original | Nov 15, 2019 |
| R-VA | Denver Riggleman | Original | Nov 15, 2019 |
| R-TN | John W. Rose | Nov 21, 2019 | |
| R-TX | Lance Gooden | Nov 21, 2019 | |
| R-NC | Ted Budd | Nov 21, 2019 | |
| R-AR | J. French Hill | Nov 22, 2019 | |
| R-SC | William R. Timmons IV | Nov 22, 2019 | |
| R-IN | Trey Hollingsworth | Dec 12, 2019 |
Actions 2
Everything that happened, newest first.
- Nov 15, 2019Introduced in House
- Nov 15, 2019Referred to the House Committee on Financial Services.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Nov 15, 2019Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.