To authorize the exclusion of shareholder proposals from proxy or consent solicitation material if such proposals are substantially similar to previously included proposals.
Performance over Politics Act
This bill allows an issuer of securities to exclude a shareholder proposal from its proxy materials if that proposal addresses the same subject matter as a previously offered proposal. The bill provides time frames and voting percentages for the previously offered proposal that, if applicable, allow an issuer to exclude the new shareholder proposal.
Placed on the Union Calendar, Calendar No. 263.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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