US HB4015 | 2017-2018 | 115th Congress

Status

Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Engrossed on December 21 2017 - 50% progression, died in chamber
Action: 2018-12-06 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
Text: Latest bill text (Engrossed) [PDF]

Summary

Corporate Governance Reform and Transparency Act of 2017 (Sec. 3) 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. (Sec. 4) The SEC shall report annually on its website regarding registration applications and related matters.

Tracking Information

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Title

Corporate Governance Reform and Transparency Act of 2017

Sponsors


Roll Calls

2017-12-20 - House - On motion to recommit with instructions RC# 701 (Y: 189 N: 231 NV: 11 Abs: 0) [FAIL]
2017-12-20 - House - On passage RC# 702 (Y: 238 N: 182 NV: 11 Abs: 0) [PASS]

History

DateChamberAction
2018-12-06SenateCommittee on Banking, Housing, and Urban Affairs. Hearings held.
2018-06-28SenateCommittee on Banking, Housing, and Urban Affairs. Hearings held.
2017-12-21SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2017-12-20HouseMotion to reconsider laid on the table Agreed to without objection.
2017-12-20HouseOn passage Passed by the Yeas and Nays: 238 - 182 (Roll no. 702). (text: CR H10313-10315)
2017-12-20HouseOn motion to recommit with instructions Failed by the Yeas and Nays: 189 - 231 (Roll no. 701).
2017-12-20HousePOSTPONED PROCEEDINGS - At the conclusion of debate on the motion to recommit with instructions, the Chair put the question on the motion and by voice vote, announced that the noes had prevailed. Mr. Sarbanes demanded the yeas and nays and the Chair postponed further proceedings on the motion to recommit with instructions until a time to be announced.
2017-12-20HouseThe previous question on the motion to recommit with instructions was ordered without objection.
2017-12-20HouseDEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to exempt proxy voting recommendations on shareholder proposals related to political campaign contributions of a company.
2017-12-20HouseMr. Sarbanes moved to recommit with instructions to the Committee on Financial Services. (text: CR H10328)
2017-12-20HouseThe previous question was ordered pursuant to the rule.
2017-12-20HouseDEBATE - The House proceeded with one hour of debate on H.R. 4015.
2017-12-20HousePrevious question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Rule provides for one hour of general debate for each bill. The amendment in the nature of a substitute printed in H.R. 2396 shall be considered as adopted. The rule also makes in order the amendment printed in the report. An amendment in the nature of a substitute to H.R. 4015 consisting of Rules Committee Print 115-46, shall be considered as adopted.
2017-12-20HouseConsidered under the provisions of rule H. Res. 657. (consideration: CR H10313-10330)
2017-12-13HouseRule H. Res. 657 passed House.
2017-12-12HouseRules Committee Resolution H. Res. 657 Reported to House. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Rule provides for one hour of general debate for each bill. The amendment in the nature of a substitute printed in H.R. 2396 shall be considered as adopted. The rule also makes in order the amendment printed in the report. An amendment in the nature of a substitute to H.R. 4015 consisting of Rules Committee Print 115-46, shall be considered as adopted.
2017-12-07HousePlaced on the Union Calendar, Calendar No. 333.
2017-12-07HouseReported by the Committee on Financial Services. H. Rept. 115-451.
2017-11-15HouseOrdered to be Reported by the Yeas and Nays: 40 - 20.
2017-11-15HouseCommittee Consideration and Mark-up Session Held.
2017-10-11HouseReferred to the House Committee on Financial Services.
2017-10-11HouseIntroduced in House

Same As/Similar To

HB10 (Related) 2017-07-13 - Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.
HR657 (Related) 2017-12-13 - Motion to reconsider laid on the table Agreed to without objection.

Subjects


US Congress State Sources


Bill Comments

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