H.R.4015: Corporate Governance Reform and Transparency Act of 2017

About This Bill

Bill Sponsor

Bill Cosponsors

2 (1 Democrat, 1 Republican)

Bill Versions

Bill 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...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 6 statements associated with H.R.4015.

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.4015.

Bill Actions

Date Description
Dec. 6, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held.
June 28, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Dec. 21, 2017
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec. 20, 2017

On passage Passed by the Yeas and Nays: 238 - 182 (Roll no. 702).

Dec. 20, 2017
Mr. Sarbanes moved to recommit with instructions to the Committee on Financial Services.
Dec. 20, 2017
Considered under the provisions of rule H. Res. 657.
Dec. 20, 2017

On passage Passed by the Yeas and Nays: 238 - 182 (Roll no. 702). (text: CR H10313-10315)

Dec. 20, 2017
Mr. Sarbanes moved to recommit with instructions to the Committee on Financial Services. (text: CR H10328)
Dec. 20, 2017
Considered under the provisions of rule H. Res. 657. (consideration: CR H10313-10330)
Dec. 20, 2017
Motion to reconsider laid on the table Agreed to without objection.
Dec. 20, 2017

On motion to recommit with instructions Failed by the Yeas and Nays: 189 - 231 (Roll no. 701).

Dec. 20, 2017
POSTPONED 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.
Dec. 20, 2017
The previous question on the motion to recommit with instructions was ordered without objection.
Dec. 20, 2017
DEBATE - 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.
Dec. 20, 2017
The previous question was ordered pursuant to the rule.
Dec. 20, 2017
DEBATE - The House proceeded with one hour of debate on H.R. 4015.
Dec. 20, 2017
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.
Dec. 13, 2017
Rule H. Res. 657 passed House.
Dec. 12, 2017
Rules 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.
Dec. 7, 2017
Placed on the Union Calendar, Calendar No. 333.
Dec. 7, 2017
Reported by the Committee on Financial Services. H. Rept. 115-451.
Nov. 15, 2017
Ordered to be Reported by the Yeas and Nays: 40 - 20.
Nov. 15, 2017
Committee Consideration and Mark-up Session Held.
Oct. 11, 2017
Referred to the House Committee on Financial Services.
Oct. 11, 2017

Introduced in the House by Sean Duffy (R-Wis.)

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