To amend the Securities Exchange Act of 1934 to require the disclosure of proxy votes relating to executive and director compensation by beneficial owners of more than 5 percent of a company's shares.

Referred to the House Committee on Financial Services.

Congressional Research Service

Official summary

Version 00 · Introduced in House · Jun 6, 2007

Amends the Securities Exchange Act of 1943 to require certain persons acquiring more than 5% of certain classes of securities to report to the security issuer and to the exchange where the security is traded: (1) how the votes for such shares were cast on any proxy or consent or authorization in respect of any such security relating to executive and director compensation proposals, including a description of the matter voted on; and (2) a description of any relationship between the person filing the statement and the security issuer, or between the person filing the statement and any other person required to file a statement regarding such securities.

Directs the Securities and Exchanges Commission (SEC) to promulgate a requirement that such information be updated annually.

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People & committees

Who introduced it

Rep. Mahoney, Tim [D-FL-16] · D–FL

Committees

Financial Services Committee

1 cosponsorship records, including any withdrawals

Rep. Castle, Michael N. [R-DE-At Large]

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Jun 6, 2007
Referred to the House Committee on Financial Services.
Jun 6, 2007
Introduced in House
Jun 6, 2007
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Jun 6, 2007 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Jan 2, 2025. Consult Congress.gov for the current record.

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Neutral evidence review

Objective

Analyze H.R.2595 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

View full prompt & sources

Discuss H.R.2595, 110th Congress: To amend the Securities Exchange Act of 1934 to require the disclosure of proxy votes relating to executive and director compensation by beneficial owners of more than 5 percent of a company's shares.

Official record: https://www.congress.gov/bill/110th-congress/house-bill/2595

Text version to examine: Introduced in House · 2007-06-06.

Official full text: https://www.congress.gov/110/bills/hr2595/BILLS-110hr2595ih.htm

Imported record last updated by the source: 2025-01-02T16:24:50Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.2595 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.2595 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

View full prompt & sources

Discuss H.R.2595, 110th Congress: To amend the Securities Exchange Act of 1934 to require the disclosure of proxy votes relating to executive and director compensation by beneficial owners of more than 5 percent of a company's shares.

Official record: https://www.congress.gov/bill/110th-congress/house-bill/2595

Text version to examine: Introduced in House · 2007-06-06.

Official full text: https://www.congress.gov/110/bills/hr2595/BILLS-110hr2595ih.htm

Imported record last updated by the source: 2025-01-02T16:24:50Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.2595 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.2595 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss H.R.2595, 110th Congress: To amend the Securities Exchange Act of 1934 to require the disclosure of proxy votes relating to executive and director compensation by beneficial owners of more than 5 percent of a company's shares.

Official record: https://www.congress.gov/bill/110th-congress/house-bill/2595

Text version to examine: Introduced in House · 2007-06-06.

Official full text: https://www.congress.gov/110/bills/hr2595/BILLS-110hr2595ih.htm

Imported record last updated by the source: 2025-01-02T16:24:50Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.2595 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.2595 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.2595, 110th Congress: To amend the Securities Exchange Act of 1934 to require the disclosure of proxy votes relating to executive and director compensation by beneficial owners of more than 5 percent of a company's shares.

Official record: https://www.congress.gov/bill/110th-congress/house-bill/2595

Text version to examine: Introduced in House · 2007-06-06.

Official full text: https://www.congress.gov/110/bills/hr2595/BILLS-110hr2595ih.htm

Imported record last updated by the source: 2025-01-02T16:24:50Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.2595 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.