Shareholder Protection Act of 2019

H.R. 3088 · 116th Congress · Jun 4, 2019 · Lineage

A BILL

To require the Securities and Exchange Commission to adjust certain resubmission thresholds for shareholder proposals.

This Act may be cited as the “Shareholder Protection Act of 2019”.

The Securities and Exchange Commission shall revise section 240.14a–8(i)(12) of title 17, Code of Federal Regulations to—

(1)

in paragraph (i), adjust the 3 percent threshold to 6 percent;

(2)

in paragraph (ii), adjust the 6 percent threshold to 15 percent; and

(3)

in paragraph (iii), adjust the 10 percent threshold to 30 percent.