H.R. 3357 · 119th Congress · Finance and financial sector
Enhancing Multi-Class Share Disclosures Act
How the House voted
Yea from the left, nay from the right, each side by party
House · Jul 23, 2025
Roll call ↗381
31
Passed the House.
Passed the House on July 23, 2025.
Latest action: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs
- IntroducedMay 13, 2025
- CommitteeJun 3, 2025
- Passed HouseJul 23, 2025
- Passed Senate
- Became law
On the record
- Cosponsors
- None
- Committees
- Senate Committee on Banking, Housing, and Urban AffairsHouse Committee on Financial Services
- Lobbying
- At least 4
- organizations named it2025 Q2 to 2025 Q4
What it does
The bill directs the Securities and Exchange Commission to write a rule requiring companies with multi-class stock structures to disclose the gap between ownership and voting control in their annual-meeting proxy or consent solicitation materials.
How each member voted
The House roll call, passed the House, July 23, 2025
Yea unless marked
D · House · NC-12
R · House · AL-4
D · House · CA-33
R · House · MO-4
R · House · GA-12
The bill directs the Securities and Exchange Commission to write a rule requiring companies with multi-class stock structures to disclose the gap between ownership and voting control in their annual-meeting proxy or consent solicitation materials. For each director, director nominee, and named executive officer, and for anyone who beneficially owns 5 percent or more of the total combined voting power, the disclosure must state both the person's share of the outstanding voting securities and their share of the total combined voting power. A multi-class share structure is defined as a capitalization structure with two or more security types carrying differing voting rights in director elections.
Each stop is a step the bill’s own record states, with the date it happened. A ring is a step not yet taken. A bill becomes law when the President signs it or Congress overrides a veto.
At least 4 organizations named this measure in a lobbying filing. A floor, not a total: they were counted by the client name on 7 quarterly reports filed by 1 lobbying firm and by 3 organizations lobbying for themselves in 2025 Q2, 2025 Q3 and 2025 Q4. An organization that lobbied this measure without naming it is not counted here.
The filings record that lobbying was reported on the measure. The form has no per-bill dollar figure and no field for a position, so nothing here says how much was spent or which side an organization took.
The organizations named: Council of Institutional Investors; Chamber of Commerce of the U.S.A.; Americans for Financial Reform; International Corporate Governance Network. Listed as filed. They are every client name on the filings counted here.
From the LD-2 quarterly lobbying filings published at lda.gov by the Senate Office of Public Records. Read for 2025 Q1, 2025 Q2, 2025 Q3, 2025 Q4, 2026 Q1, 2026 Q2 and 2026 Q3. Our copy holds 24 fewer filings for 2025 Q1, 39 fewer filings for 2025 Q2, 42 fewer filings for 2025 Q3, 33 fewer filings for 2025 Q4, 28 fewer filings for 2026 Q1, 48 fewer filings for 2026 Q2 and 218 fewer filings for 2026 Q3 than the Senate's register counts, so those quarters are the filings we could read rather than every one filed. 2026 Q4 is still inside its filing window, so that quarter is only the filings posted so far.
Congress.gov bill status and cosponsor records; the House Clerk and Senate roll calls; lobbying reports filed under the Lobbying Disclosure Act (lda.gov); the plain summary and provisions are read from the bill text, each with its section.