Section 1 Short title
This Act may be cited as the “Rejecting Extremist Shareholder Proposals that Inhibit and Thwart Enterprise for Businesses Act” or the “RESPITE for Businesses Act”.
Rejecting Extremist Shareholder Proposals that Inhibit and Thwart Enterprise for Businesses Act
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 that proposal relates to a significant social policy issue.
Sec. 2 Exclusions available regardless of significant social policy issue
An issuer may exclude a shareholder proposal pursuant to section 240.14a–8(i) of title 17, Code of Federal Regulations, or any successor regulation, without regard to whether that shareholder proposal relates to a significant social policy issue.