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H.R. 3357 House Finance and Financial Sector

Enhancing Multi-Class Share Disclosures Act

Introduced
May 13, 2025
Sponsor
Rep. Meeks, Gregory W. (D-NY-5)
View on Congress.gov

STAGE 4 OF 8 — HOUSE FLOOR

Currently in the House. Last action: received in the senate and read twice and referred to the committee on banking, housing, and urban affairs on Jul 24, 2025.

  1. House Introduced in House May 13, 2025
  2. House Referred to the House Committee on Financial Services. May 13, 2025
  3. House Committee Consideration and Mark-up Session Held May 20, 2025
  4. House Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0. May 20, 2025
  5. House Reported (Amended) by the Committee on Financial Services. H. Rept. 119-120. Jun 3, 2025
  6. House Placed on the Union Calendar, Calendar No. 90. Jun 3, 2025
  7. House Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended. Jul 21, 2025
  8. House Considered under suspension of the rules. (consideration: CR H3508) Jul 21, 2025
  9. House DEBATE - The House proceeded with forty minutes of debate on H.R. 3357. Jul 21, 2025
  10. House At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. Jul 21, 2025
  11. House Considered as unfinished business. (consideration: CR H3621-3622) Jul 23, 2025
  12. House Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 381 - 31 (Roll no. 217). (text: 07/21/2025 CR H3508) Jul 23, 2025
  13. House On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 381 - 31 (Roll no. 217). (text: 07/21/2025 CR H3508) Jul 23, 2025
  14. House Motion to reconsider laid on the table Agreed to without objection. Jul 23, 2025
  15. House
    On Motion to Suspend the Rules and Pass, as Amended Jul 23, 2025
    Agreed Yea 381 Nay 31 Roll Call
  16. Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Jul 24, 2025

Subjects

Consumer affairsCorporate finance and managementFinancial services and investmentsSecurities

Committees

  • Banking, Housing, and Urban Affairs Committee
    • [Referred To, Jul 24, 2025]
  • Financial Services Committee
    • [Reported By, Jun 3, 2025]
    • [Markup By, May 20, 2025]
    • [Referred To, May 13, 2025]

Summary

Enhancing Multi-Class Share Disclosures Act This bill requires issuers of securities with multi-class share structures to disclose certain information in any proxy solicitation or consent solicitation material. A multi-class share structure occurs when a company issues two or more classes of shares that have different voting rights. For example, a company may issue one class of shares with no or few voting rights for the public, and another class with more voting rights for company founders and executives. Under the bill, the issuer must disclose certain information about each director, director nominee, named executive officer, and each beneficial owner of securities with 5% or more of the total combined voting power of all classes of securities entitled to vote in the election of directors. Specifically, the issuer must disclose (1) the number of shares of all classes of securities entitled to vote in the election of directors beneficially owned by such person, and (2) the amount of voting power held by such person.

[Summary as of: Introduced in House]

Bill Text

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Related Bills

  • Enhancing Multi-Class Share Disclosures Act (Related bill)

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