South Carolina House Bill 4985

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Sponsorship: Partisan Bill (Republican 2)
Status: Introduced on January 20 2026 - 25% progression
Action: 2026-02-11 - Member(s) request name added as sponsor: M.M.Smith
Pending: House Labor, Commerce and Industry Committee
Text: Latest bill text (Introduced) [HTML]

Amend The South Carolina Code Of Laws By Enacting The "proxy Advisor Transparency Act" By Adding Article 9 To Chapter 5, Title 39 So As To Require Proxy Advisors To Issue Specified Disclosures When Making Certain Recommendations Without Relying On A Written Financial Analysis; And To Provide That A Violation Of This Article Is A Deceptive Trade Practice Subject To The Investigatory And Enforcement Powers Of The Attorney General, As Well As A Private Right Of Action By Any Aggrieved Person.

Proxy Advisory Transparency Act

Rep. Brandon Newton [R]

Rep. Marvin Smith [R]

Date	Chamber	Action
2026-02-11	House	Member(s) request name added as sponsor: M.M.Smith
2026-01-20	House	Referred to Committee on Labor, Commerce and Industry
2026-01-20	House	Introduced and read first time

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=4985&session=126&summary=B
Text	https://www.scstatehouse.gov/sess126_2025-2026/prever/4985_20260120.htm
Supplement	https://www.scstatehouse.gov/sess126_2025-2026/fiscalimpactstatements/H4985%202026-01-20%20introduced.pdf