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Multi-Class Stock Company Voting Transparency Act.
To amend the Securities Exchange Act of 1934 to require issuers with a multi-class share structure to disclose certain shareholder voting results.
Summary
- Requires companies with multiple classes of stock to disclose how shareholders voted on company matters.
- Companies must break down voting results by share class, showing how each class of shareholders voted.
- Disclosure must include votes cast for, against, or withheld on each matter.
- Disclosure must also include abstentions and broker non-votes, separated by share class.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Casten, Sean [D-IL-6] (D-IL)
Money behind the sponsor
Top reported contributors to Sean Casten’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NORTHWESTERN UNIVERSITY $15,800
- UNIVERSITY OF CHICAGO $13,975
- CME GROUP $12,925
- DUPAGE MEDICAL GROUP $12,900
- MESIROW FINANCIAL $9,900
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Sean Casten → · Outside spending →
Actions (2)
- Jul 16, 2026 Referred to the House Committee on Financial Services. · house
- Jul 16, 2026 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
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.”. <all>
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