HR 3357
Passed a chamber
Requires companies with more than one class of voting stock to disclose each insider's share ownership and voting power in proxy materials for annual shareholder meetings.
Official title: Enhancing Multi-Class Share Disclosures Act
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
13-MAY-2025
Referred
13-MAY-2025
Approved by committee
20-MAY-2025
Reported
03-JUN-2025
On the calendar
03-JUN-2025
Passed
23-JUL-2025
Senate
Received
24-JUL-2025
- Applies to issuers with two or more types of securities that carry different voting rights in electing directors.
- Requires disclosure of shares and voting power held by each director, director nominee, named executive officer, and holder of 5 percent or more of voting power.
- Directs the Securities and Exchange Commission to write the rules and allows it to require the information in other filings it considers appropriate.
Covers an older version. The newest CRS summary describes the bill as of "Introduced in House" (13-MAY-2025); the text has changed since (Engrossed in House, 23-JUL-2025).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.govFinance and Financial Sector
No cosponsors.