Multi-Class Stock Company Voting Transparency Act.

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9732 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 9732

To amend the Securities Exchange Act of 1934 to require issuers with a
  multi-class share structure to disclose certain shareholder voting
                                results.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             July 16, 2026

  Mr. Casten introduced the following bill; which was referred to the
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL

To amend the Securities Exchange Act of 1934 to require issuers with a
  multi-class share structure to disclose certain shareholder voting
                                results.

    Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Multi-Class Stock Company Voting
Transparency Act.''

SEC. 2. SHAREHOLDER VOTING RESULTS DISCLOSURE REQUIREMENT FOR ISSUERS
              WITH MULTI-CLASS SHARE STRUCTURES.

    Section 14 of the Securities Exchange Act of 1934 (15 U.S.C. 78n)
is amended by adding at the end the following:
    ``(l) Shareholder Voting Results Disclosure Requirement for Issuers
With Multi-Class Share Structures.--The Commission shall, by rule,
require that an issuer with 2 or more classes of voting securities,
with respect to each meeting during which the shareholders of the
issuer vote as one class, disclose to such shareholders the following
with respect to such vote:
            ``(1) The total number of votes cast for, against, or
        withheld, disaggregated by class of voting security held.
            ``(2) The total number of abstentions and broker non-votes,
        disaggregated by class of voting security held.''.
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