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Requires companies that have multi-class share structures to disclose, in their proxy or similar filings, the percentage of shares voting in director elections owned by each covered person and the percentage of total combined voting power they hold. Defines “multi-class share structure” as any capital structure with two or more types of securities that carry different voting rights and directs the SEC to adopt rules implementing the disclosure requirement.
Introduced May 13, 2025 by Gregory W. Meeks · Last progress July 24, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.