United States 114th Congress Status: Died 1 R cosponsors

HR 5311 — Corporate Governance Reform and Transparency Act of 2016

Last action — Placed on the Union Calendar, Calendar No. 621.

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  1. ✓
    Introduced
  2. Died in session

This bill died with 114th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Corporate Governance Reform and Transparency Act of 2016 This bill amends the Securities Exchange Act of 1934 to require the registration of proxy advisory firms and make it unlawful for an unregistered proxy advisory firm to make use of the mails or any means or instrumentality of interstate commerce to provide proxy voting research, analysis, or recommendations to any client. "Proxy advisory firm" means any person registered under this bill who is engaged in the business of providing proxy voting research, analysis, or recommendations to clients, which conduct constitutes a solicitation, except to the extent that the person is exempted by Securities and Exchange Commission (SEC) rules and regulations from requirements that otherwise apply to persons engaged in a solicitation. The bill prescribes both registration and termination procedures. The SEC shall report annually on its Internet website about proxy advisory firm registration applicants, actions taken on the applications, and specified related matters.

Bill Text

We don't have the full text on file for this bill yet.

Read HR 5311 on the official United States source →

Action History

  1. Placed on the Union Calendar, Calendar No. 621.

  2. Reported (Amended) by the Committee on Financial Services. H. Rept. 114-798.

  3. Ordered to be Reported (Amended) by the Yeas and Nays: 41 - 18.

  4. Committee Consideration and Mark-up Session Held.

  5. Committee Consideration and Mark-up Session Held.

  6. Referred to the House Committee on Financial Services.

  7. Introduced in House

  8. Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction and Referral.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
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Frequently asked questions

What does HR 5311 do?
Corporate Governance Reform and Transparency Act of 2016 This bill amends the Securities Exchange Act of 1934 to require the registration of proxy advisory firms and make it unlawful for an unregistered proxy advisory firm to make use of the mails or any means or instrumentality of interstate commerce to provide proxy voting research, analysis, or recommendations to any client. "Proxy advisory firm" means any person registered under this bill who is engaged in the business of providing proxy voting research, analysis, or recommendations to clients, which conduct constitutes a solicitation, except to the extent that the person is exempted by Securities and Exchange Commission (SEC) rules and regulations from requirements that otherwise apply to persons engaged in a solicitation. The bill prescribes both registration and termination procedures. The SEC shall report annually on its Internet website about proxy advisory firm registration applicants, actions taken on the applications, and specified related matters.
Who sponsors HR 5311?
HR 5311 is sponsored by Sean Duffy (R).
What is the current status of HR 5311?
This bill died with 114th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 5311?
Track HR 5311 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes about 14 hours ago · updated continuously

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