Enhancing Multi-Class Share Disclosures Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 2
- Latest action
- Feb 11, 2026
What it does
The Enhancing Multi-Class Share Disclosures Act would amend the Securities Exchange Act of 1934 to require issuers with multi-class stock structures—where different share classes have unequal voting rights—to disclose specific ownership and voting information in proxy materials and other filings as determined by the SEC. The disclosures would apply to directors, director nominees, named executive officers, and beneficial owners holding 5% or more of the total voting power, requiring them to report both the percentage of shares owned and the percentage of voting power they hold across all vote-entitled share classes. The bill aims to increase transparency about voting control in companies…
No official summary is available here. This one was written by AI 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.