Stopping Proxy Advisor Racketeering Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Latest action
- Jun 24, 2025
What it does
The Stopping Proxy Advisor Racketeering Act would amend the Securities Exchange Act of 1934 to prohibit proxy advisory firms from providing proxy voting advice when they have certain conflicts of interest, such as offering consulting services to the companies they advise or altering recommendations based on whether those companies subscribe to their services. It would also prohibit firms from giving advice while providing stewardship services to shareholders or others involved in the matter, or from being part of organizations supporting shareholder proposals that match the advice they give. Violations could result in civil penalties imposed by the Securities and Exchange Commission after a…
AI summary · The lawmakers haven’t published an official summary of this bill yet, so 52 wrote this one from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.