H.R. 3088 — Introduced in House

I 116th CONGRESS 1st Session H. R. 3088 IN THE HOUSE OF REPRESENTATIVES June 4, 2019Mr. Duffy introduced the following bill; which was referred to the Committee on Financial Services A BILL To require the Securities and Exchange Commission to adjust certain resubmission thresholds for shareholder proposals. 1. Short title This Act may be cited as the Shareholder Protection Act of 2019. 2. Resubmission thresholds for shareholder proposals 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.