Proxy Power and Proposal Abuse: Reforming Rule 14a-8 to Protect Shareholder Value

House 119th · September 10, 2025 at 2:00 PM
Rayburn House Office Building, Room 2128 · Scheduled
Financial Services Committee · 54 members ↓
Hill, J. French R-AR Chair
Stutzman, Marlin A. R-IN
Ogles, Andrew R-TN
Barr, Andy R-KY
Wagner, Ann R-MO
Loudermilk, Barry R-GA
Huizenga, Bill R-MI
Steil, Bryan R-WI
Donalds, Byron R-FL
McClain, Lisa C. R-MI
Lucas, Frank D. R-OK
Meuser, Daniel R-PA
Salazar, Maria Elvira R-FL
Lawler, Michael R-NY
Haridopolos, Mike R-FL
Flood, Mike R-NE
De La Cruz, Monica R-TX
Sessions, Pete R-TX
Garbarino, Andrew R. R-NY
Timmons, William R. R-SC
Norman, Ralph R-SC
Williams, Roger R-TX
Fitzgerald, Scott R-WI
Moore, Tim R-NC
Emmer, Tom R-MN
Downing, Troy R-MT
Rose, John W. R-TN
Davidson, Warren R-OH
Kim, Young R-CA
Nunn, Zachary R-IA
Waters, Maxine D-CA Ranking
Himes, James A. D-CT
Green, Al D-TX
Pressley, Ayanna D-MA
Foster, Bill D-IL
Sherman, Brad D-CA
Pettersen, Brittany D-CO
Fields, Cleo D-LA
Scott, David D-GA
Cleaver, Emanuel D-MO
Lynch, Stephen F. D-MA
Gottheimer, Josh D-NJ
Beatty, Joyce D-OH
Vargas, Juan D-CA
Velázquez, Nydia M. D-NY
Williams, Nikema D-GA
Garcia, Sylvia R. D-TX
Tlaib, Rashida D-MI
Torres, Ritchie D-NY
Bynum, Janelle S. D-OR
Casten, Sean D-IL
Liccardo, Sam T. D-CA
Gonzalez, Vicente D-TX
Meeks, Gregory W. D-NY
Witnesses (4)
Ron Mueller
Partner
Gibson Dunn & Crutcher LLP
Ferrell Keel
Partner
Jones Day
Brad Lander
Comptroller
City of New York
James Copland
Senior Fellow & Director of Legal Policy
Manhattan Institute
Supporting Documents (17) Show all +
H.R. ____, the Corporate Governance Examination Act PDF
Notice PDF
H.R. ____, the Performance over Politics Act PDF
H.R. ____, the Businesses Over Activists Act PDF
H.R. ____, Protecting American’s Savings Act PDF
H.R. ____, a bill to amend the Securities Exchange Act of 1934 to provide for the registration of proxy advisory firms, and for other purposes PDF
Memorandum PDF
H.R. ___, a bill to amend the Securities Exchange Act of 1934 with respect to prohibitions relating to the solicitation and influence of proxies PDF
H.R. ____, a bill to amend the Securities Exchange Act of 1934 to provide for liability for certain failures to disclose material information in connection with proxy voting advice PDF
H.R. ____, a bill to clarify that an issuer may exclude a shareholder proposal pursuant to section 240.14a-8(i) of title 17, Code of Federal Regulations, without regard to whether such proposal relates to a significant social policy issue PDF
H.R. 4098, the Stopping Proxy Advisor Racketeering Act PDF
H.R. 3402, a bill to amend the Securities Exchange Act of 1934 to require certain disclosures by institutional investment managers in connection with proxy advisory firms, and for other purposes PDF
H.R. ____, a bill to amend the Securities Exchange Act of 1934 to require the Securities and Exchange Commission to disclose and report on non-material disclosure mandates, and for other purposes PDF
H.R. ____, the Mandatory Materiality Requirement Act of 2025 PDF
H.R. ____, the Empowering Shareholders Act of 2025 PDF
H.R. ____, a bill to authorize the exclusion of shareholder proposals from proxy or consent solicitation material if the subject matter of the shareholder proposal is environmental, social, or political PDF
H.R. ____, the Public Company Advisory Committee Act of 2025 PDF

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