Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 4015
115th Congress(2017-2018)
Corporate Governance Reform and Transparency Act of 2017
Active
Amendments
Active
Passed House on Dec 20, 2017
Overview
Text
Sponsor
Republican
Introduced
Oct 11, 2017
Latest Action
Dec 6, 2018
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4015
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Sean Duffy
Wisconsin
Democrat
Gregory Meeks
New York
Republican
Lamar Smith
Texas
House Votes (2)
Senate Votes (0)
Question
On Passage
Status
Passed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Roll Call Type
Yea-And-Nay
Roll Number
702
House Roll Call Votes
Summary

Corporate Governance Reform and Transparency Act of 2017

This bill amends the Securities Exchange Act of 1934 to: (1) require a proxy advisory firm to register with the Securities and Exchange Commission (SEC); and (2) prohibit an unregistered proxy advisory firm from using interstate commerce to provide proxy-voting research, analysis, or recommendations to any client.

With respect to such 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 shall report annually on its website regarding registration applications and related matters.

Text (4)
Referred in Senate
December 21, 2017
Engrossed in House
December 20, 2017
Reported in House
December 7, 2017
Introduced in House
October 11, 2017
Amendments (1)
Dec 20, 2017
Offered in House
0
Sponsorship
House Amendment 506
Pursuant to the provisions of H.Res. 657, the amendment in the nature of a substitute consisting of the text of Rules Committee Print 115-46 is considered as adopted.
Submitted
Related Bills (2)
Dec 13, 2017
Passed House
1
Sponsorship
House Simple Resolution 657
Providing for consideration of the bill (H.R. 2396) to amend the Gramm-Leach-Bliley Act to update the exception for certain annual notices provided by financial institutions, and providing for consideration of the bill (H.R. 4015) 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.
Active
Type
Procedurally-Related Measure
Procedurally-Related Measure
Legislation that affects consideration of other legislation (e.g., a rule for consideration, a bill ordered to be reported or passed in lieu of another measure). Identical bills, companion measures, and legislation with text similarities are other related bill types.
Identified By
House
Jun 08, 2017
Passed House
41
Sponsorship
House Bill 10
Financial CHOICE Act of 2017
Active
Amendments
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Public Record
Record Updated
Jan 11, 2023 1:38:27 PM
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