,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #dfdd  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #ad1 #bjbc,mrs4 
,h\*9 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 sub/antially implem5t1        
sub/antially duplicate1 or are          
sub/antially simil> to previ\sly includ$
 proposals4  #a4 ,%ort title ,?is ,act  
may be cit$ z ! ,no ,exp5sive1 ,/ifl+   
,gov]nance ,act ( #bjbc or ! ,no ,,esg  
,act ( #bjbc4  #b4 ,exclusion ( c]ta9   
%>ehold] proposals  7a7 ,exclusion (    
c]ta9 %>ehold] proposals ,a %>ehold]    
proposal submitt$ to an issu] pursuant  
to section #bdj4ad;a-#h ( title #ag1    
,code ( ,f$]al ,regulations1 may be     
exclud$ by an issu] f its proxy or      
cons5t solicitation mat]ial = a meet+ ( 
! %>ehold]s ( su* issu] if ! %>ehold]   
proposal-- 7#a7 has be5 sub/antially    
implem5t$ by ! issu] by implem5t+       

policies1 practices1 or proc$ures t     
comp>e favorably ) ! guidel9es ( !      
proposal & address ! proposal's und]ly+ 
conc]ns2  7#b7 sub/antially duplicates  
by hav+ ! same pr9cipal ?ru/ or pr9cipal
 focus z ano!r proposal previ\sly       
submitt$ to ! issu] by ano!r propon5t t 
w be includ$ 9 su* mat]ial2 or  7#c7    
addresses sub/antially ! same subject   
matt] z a previ\s proposal t %>es ! same
 sub/antive conc]ns z a proposal        
previ\sly includ$ 9 ! proxy or cons5t   
solicitation mat]ial = a meet+ ( !      
%>ehold]s ( an issu]-- 7,a7 = a meet+ ( 
! %>ehold]s conduct$ 9 ! prec$+ #e      
cal5d> ye>s2 &  7,b7 if ! mo/ rec5t     
vote-- 7i7 occurr$ 9 ! prec$+ #c cal5d> 
ye>s2 &  7ii7 7,i7 if vot$ on once dur+ 
su* #e-ye> p]iod1 receiv$ less ?an #aj  
p]c5t ( ! votes ca/2  7,,ii7 if vot$ on 
twice dur+ su* #e-ye> p]iod1 receiv$    
less ?an #bj p]c5t ( ! votes ca/2 or    
7,,iii7 if vot$ on ?ree or m times dur+ 
su* #e-ye> p]iod1 receiv$ less #dj p]c5t
 ( ! votes ca/4  7b7 ,nullification (   

propos$ rule ,! ,securities & ,ex*ange  
,commission may n f9alize or apply !    
positions conta9$ 9 ! propos$ rule      
entitl$ ,sub/antial ,implem5tation1     
,duplication1 & ,resubmission (         
,%>ehold] ,proposals "u ,ex*ange ,act   
,rule #ad;a-#h 7#hg ,f$4 ,reg4 #dejeb71 
issue any sub/antially simil> rule1 or  
apply any sub/antially simil> rule1     
includ+ ) respect to a no-action or o!r 
int]pretive reque/4