To amend the Securities Exchange Act of 1934 to require issuers with a multi-class stock structure… — House Roll Call 217
Passed in the House on July 23, 2025 · 381 Yea, 31 Nay, 18 Not Voting
Question: On Motion to Suspend the Rules and Pass, as Amended: H R 3357 Enhancing Multi-Class Share Disclosures Act
In plain English: Companies with different types of stock that give shareholders different voting power must now tell investors how much voting power each major shareholder and director has. This applies to information sent out when shareholders are asked to vote on company matters.
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 an…
Vote Breakdown by Party
Republican: 175 Yea, 31 Nay, 11 not voting/present.
Democrat: 205 Yea, 0 Nay, 7 not voting/present.
Independent: 1 Yea, 0 Nay.
Members Who Voted Against Their Party
Tom Barrett (R-MI) voted Nay while most Republicans voted Yea.
Aaron Bean (R-FL) voted Nay while most Republicans voted Yea.
Andy Biggs (R-AZ) voted Nay while most Republicans voted Yea.
Sheri Biggs (R-SC) voted Nay while most Republicans voted Yea.
Josh Brecheen (R-OK) voted Nay while most Republicans voted Yea.
Tim Burchett (R-TN) voted Nay while most Republicans voted Yea.
Ben Cline (R-VA) voted Nay while most Republicans voted Yea.
Michael Cloud (R-TX) voted Nay while most Republicans voted Yea.
Mike Collins (R-GA) voted Nay while most Republicans voted Yea.
Eli Crane (R-AZ) voted Nay while most Republicans voted Yea.