H.R. 4640

To authorize the exclusion of shareholder proposals from proxy or consent solicitation material if the subject matter of the shareholder proposal is environmental, social, or political.

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I

118th CONGRESS

1st Session

H. R. 4640

IN THE HOUSE OF REPRESENTATIVES

July 14, 2023

Mr. Donalds introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To authorize the exclusion of shareholder proposals from proxy or consent solicitation material if the subject matter of the shareholder proposal is environmental, social, or political.

1.

Exclusion of certain ESG shareholder proposals

A shareholder proposal submitted to an issuer pursuant to section 240.14a–8 of title 17, Code of Federal Regulations, may be excluded by an issuer from its proxy or consent solicitation material for a meeting of the shareholders of such issuer if the subject matter of the shareholder proposal is environmental, social, or political (or a similar subject matter).