Bill

H.R. 3357 (119th): Enhancing Multi-Class Share Disclosures Act

Enhancing Multi-Class Share Disclosures Act This bill requires issuers of securities with multi-class share structures to disclose certain information in any proxy solicitation or consent solicitation material. A multi-class share structure occurs when a company issues two or more classes of shares that have different voting rights. For example, a company may issue one class of shares with no or few voting rights for the public, and another class with more voting rights for company founders and executives. Under the bill, the issuer must disclose certain information about each director, director nominee, named executive officer, and each beneficial owner of securities with 5% or more of the total combined voting power of all classes of securities entitled to vote in the election of directors. Specifically, the issuer must disclose (1) the number of shares of all classes of securities entitled to vote in the election of directors beneficially owned by such person, and (2) the amount of voting power held by such person.

house · Substantive

Rankings updated October 26, 2026, 11:44 AM ET · Votes through September 30, 2026
Exported candidates: 719 | Filings on file, by office: H: 5838 | P: 1467 | S: 1567. These counts include every filing for that office, so they are larger than the ranked list. One person can have more than one filing. Non-voting delegates are left out.

Official source

Summary

Recorded summary

This bill requires issuers of securities with multi-class share structures, where some classes have different voting rights, to disclose information in proxy and consent solicitation materials. For each director, director nominee, named executive officer, and beneficial owner holding 5% or more of total voting power, the issuer must disclose the number of voting shares of all classes beneficially owned and the amount of voting power held.

corporate_accountabilitycorporate_governancefinancial_transparency

Theological note: The bill concerns transparency about concentrated voting control in corporations. Scripture values honest stewardship, truthful dealing, and fair accounting, so disclosure of who holds decisive influence is relevant to those concerns. It does not address a named moral harm directly, and its effects belong to prudential corporate governance rather than a clear moral verdict.

Scoring

How this bill is scored

Debt and war Cloture and Tier 1 Procedural votes Scoring mechanics

Roll

Recorded votes

Roll 217 · 23-Jul-2025 3:58 PM · On Motion to Suspend the Rules and Pass, as Amended · Passed

Yea 381 · Nay 31 · Other 18

Yea

Nay

Other

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