,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #dfda  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #ad1 #bjbc,mr4  
,fitzg]ald introduc$ ! foll[+ bill2 :i* 
0 ref]r$ to ! ,committee on ,f9ancial   
,s]vices  ,a ,,bill  ,to au?orize !     
exclusion ( %>ehold] proposals f proxy  
or cons5t solicitation mat]ial if su*   
proposals are sub/antially simil> to    
previ\sly includ$ proposals4  #a4 ,%ort 
title ,?is ,act may be cit$ z !         
,p]=mance ov] ,politics ,act4  #b4      
,exclusion ( c]ta9 sub/antially simil>  
%>ehold] proposals ,! ,securities &     
,ex*ange ,commission %all revise !      
resubmission requirem5ts 9 section      
#bdj4ad;a-#h7;i77#ab7 ( title #ag1 ,code
 ( ,f$]al ,regulations1 to provide t a  
%>ehold] proposal may be exclud$ by an  
issu] f its proxy or cons5t solicitation
 mat]ial = a meet+ ( ! %>ehold]s ( su*  
issu] if ! %>ehold] proposal addresses  
sub/antially ! same subject matt] z a   
proposal1 or proposals1 previ\sly       
includ$ 9 ! proxy or cons5t solicitation

 mat]ial = a meet+ ( ! %>ehold]s ( su*  
issu]-- 7#a7 = a meet+ ( ! %>ehold]s    
conduct$ 9 ! prec$+ #e cal5d> ye>s2 &   
7#b7 if ! mo/ rec5t vote-- 7,a7 occurr$ 
9 ! prec$+ #c cal5d> ye>s2 &  7,b7 7i7  
if vot$ on once dur+ su* #e-ye> p]iod1  
receiv$ less ?an #aj p]c5t ( ! votes    
ca/2  7ii7 if vot$ on twice dur+ su*    
#e-ye> p]iod1 receiv$ less ?an #bj p]c5t
 ( ! votes ca/2 or  7iii7 if vot$ on    
?ree or m times dur+ su* #e-ye> p]iod1  
receiv$ less #dj p]c5t ( ! votes ca/4