House vote: H.R. 2795 // May 30, 2023Needed two-thirds to pass
Enhancing Multi-Class Share Disclosures Act
Sponsor: GREGORY MEEKS (D-NY)
Enhancing Multi-Class Share Disclosures Act This bill requires issuers of securities with multi-class share structures to disclose certain information in any proxy solicitation or consent solicitation material. A multi-class share structure occurs when a company issues two or more classes of shares that have different voting rights. For example, a company may issue one class of shares with no or few voting rights for the public, and another class with more voting rights for company founders and executives.
Finance and Financial Sector Topic assigned by the Congressional Research Service.
Who won, and how much of the country was behind them
The dotted gap is 13.3% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Yea | Won | 347 | 79.6% |
| Nay | Lost | 30 | 7.1% |
| Not represented on this question | No position taken | 0 | 13.3% |