Bill Sponsor
Indiana House Bill 1273
Session 2026
Requirements for proxy advisors.
Became Law
Became Law
Signed by Governor on Mar 3, 2026
Sponsors
First Action
Jan 6, 2026
Latest Action
Mar 3, 2026
Origin Chamber
House
Type
Bill
Bill Number
1273
State
Indiana
Session
2026
Sponsorship by Party
Republican
Author
Republican
Sponsor
Republican
Coauthor
Democrat
Coauthor
House Votes (2)
Senate Votes (1)
Motion Text
HB 1273 - Pierce K
House Roll Call Votes
Excused
Unknown
Johnson, B
No
Didn't Vote
Didn't Vote
Didn't Vote
Didn't Vote
Didn't Vote
Summary
Provides that if a proxy advisor makes a recommendation against entity management on an entity proposal or proxy proposal, or makes a default recommendation or policy concerning votes against entity management on entity proposals or proxy proposals, and the proxy advisor does not do so based on a written financial analysis, the proxy advisor shall do the following: (1) At the time the proxy advisor provides the proxy advisory services, provide a clear and conspicuous disclosure to each interest holder or any person acting on behalf of an interest holder, receiving the proxy advisory services, that: (A) identifies the services being provided by the proxy advisor; (B) identifies the recommendation at issue; and (C) states that the proxy advisor has made the recommendation without utilizing a written financial analysis regarding the impact that the recommended action would have on entity interest holders. (2) If the proxy advisor provides certain proxy advisory services, then at the time the proxy advisor provides the proxy advisory services, the proxy advisor must provide to entity management the disclosure provided to each interest holder or any person acting on behalf of an interest holder receiving the proxy advisory services. (3) For the entire time that a proxy advisor is providing proxy advisory services to an interest holder of an entity or any person acting on behalf of an interest holder of an entity, prominently display on the home page of the proxy advisor's website a statement that the proxy advisor has made a recommendation: (A) against entity management on an entity proposal or proxy proposal; and (B) without utilizing a written financial analysis regarding the impact that the recommended action would have on entity interest holders. Provides that if a proxy advisor makes a recommendation against entity management on an entity proposal or proxy proposal, or makes a default recommendation or policy concerning votes against entity management on entity proposals or proxy proposals, and the proxy advisor does so based on a written financial analysis, the proxy advisor shall do the following: (1) At the time the proxy advisor provides the proxy advisory services, provide a clear and conspicuous disclosure to each interest holder or any person acting on behalf of an interest holder, receiving proxy advisory services, that: (A) identifies the services being provided by the proxy advisor; (B) identifies the recommendation at issue; (C) states that the proxy advisor utilized a written financial analysis regarding the impact that the recommended action would have on entity interest holders in making the recommendation; and (D) states that the written financial analysis is available upon request. (2) Make the written financial analysis available to an interest holder or any person acting on behalf of an interest holder, receiving the proxy advisory services within a reasonable time after an interest holder or any person acting on behalf of an interest holder, receiving the proxy advisory services requests the written financial analysis. (3) If the proxy advisor provides certain proxy advisory services, then at the time the proxy advisor provides the proxy advisory services, the proxy advisor must provide a copy of the written financial analysis to entity management. Amends the definition of "consumer transaction" for purposes of the deceptive consumer sales act to include the provision of a product or service to a state agency or a local agency in Indiana. Amends the definition of "supplier" for purposes of the deceptive consumer sales act to include an entity that provides a product or service to a state agency or a local agency in Indiana. Provides that an action that arises from a consumer transaction involving the provision of a product or service by a supplier to a state agency may be brought and enforced only by the attorney general. Provides that an action that arises from a consumer transaction involving the provision of a product or service by a supplier to a local agency may be brought and enforced only by an attorney acting on behalf of the local agency, unless the local unit of government served by the local agency requests the attorney general to bring and enforce an action on behalf of the local unit. Provides that in an action that arises from a consumer transaction involving the provision of a product or service by a supplier to a state agency or a local agency, a court may take certain actions.
03/03/2026
Office of the Governor
Signed by the Governor
02/27/2026
Senate
Signed by the President of the Senate
02/27/2026
Senate
Signed by the President Pro Tempore
02/25/2026
House
Signed by the Speaker
02/25/2026
House
House concurred with Senate amendments; Roll Call 368: yeas 72, nays 20
02/24/2026
House
Motion to concur filed
02/24/2026
House
Dissent rescinded
02/19/2026
House
House advisors appointed: Teshka, Lauer, Miller K
02/19/2026
Senate
Senate conferees appointed: Baldwin, Qaddoura
02/19/2026
Senate
Senate advisors appointed: Randolph Lonnie M, Walker K
02/19/2026
House
House conferees appointed: Pierce K, Andrade
02/18/2026
House
House dissented from Senate amendments
02/18/2026
House
Motion to dissent filed
02/18/2026
Senate
Returned to the House with amendments
02/17/2026
Senate
Third reading: passed; Roll Call 186: yeas 41, nays 4
02/16/2026
Senate
Second reading: ordered engrossed
02/12/2026
Senate
Committee report: amend do pass, adopted
01/26/2026
Senate
First reading: referred to Committee on Insurance and Financial Institutions
01/21/2026
House
Referred to the Senate
01/20/2026
House
Third reading: passed; Roll Call 63: yeas 67, nays 21
01/20/2026
House
Senate sponsor: Senator Baldwin
01/15/2026
House
Second reading: ordered engrossed
01/14/2026
House
Representative Teshka added as coauthor
01/13/2026
House
Committee report: amend do pass, adopted
01/12/2026
House
Representative Andrade added as coauthor
01/06/2026
House
Authored by Representative Pierce K
01/06/2026
House
First reading: referred to Committee on Financial Institutions
Sources
Record Created
Jan 6, 2026 12:40:36 AM
Record Updated
Mar 6, 2026 1:06:03 AM