House bill proposes new disclosure requirements for investment managers regarding proxy advisory f
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Table of Contents
Representative [Name not provided in source] introduced this bill to amend the Securities Exchange Act of 1934. The goal is to change how certain large investment managers report their relationships with proxy advisory firms.
Why it matters: This is a technical change to financial reporting requirements that would increase the amount of data large investors must provide to the government regarding their use of third-party advisory services.
Who it affects
- Institutional investment managers
This information comes from Congress.gov; please consult the official bill text before relying on it for legal or financial decisions.
Agency: House
Source: Congress.gov — read the official document