HR9732Referred to Committee

Multi-Class Stock Company Voting Transparency Act.

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-07-16
Introduced
0
Cosponsors
HR
ⓘ
Type

Sponsor

Sean Casten
Sean Casten
Democrat · IL · Representative
Votes with party: 98.2% (603 recorded votes)

Full profile: /officials/C001117

Source: Congress.gov · FEC

Cosponsors (0)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Financial Services.

2026-07-16

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

Companies with multiple classes of stock (where different shares have different voting powers) would be required to publicly report detailed voting results from shareholder meetings, including how many votes each class of shares cast on major decisions. This transparency measure would help investors and the public better understand how voting power is distributed in these companies and whether certain shareholders have outsized control. The requirement would primarily affect large corporations with complex ownership structures.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

119 HR 9732 IH: Multi-Class Stock Company Voting Transparency Act. U.S. House of Representatives 2026-07-16 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I119th CONGRESS2d SessionH. R. 9732IN THE HOUSE OF REPRESENTATIVESJuly 16, 2026Mr. Casten introduced the following bill; which was referred to the Committee on Financial ServicesA BILLTo amend the Securities Exchange Act of 1934 to require issuers with a multi-class share structure to disclose certain shareholder voting results. 1.Short titleThis Act may be cited as the Multi-Class Stock Company Voting Transparency Act. 2.Shareholder voting results disclosure requirement for issuers with multi-class share structuresSection 14 of the Securities Exchange Act of 1934 (15 U.S.C. 78n) is amended by adding at the end the following: (l) Shareholder voting results disclosure requirement for issuers with multi-Class share structures The Commission shall, by rule, require that an issuer with 2 or more classes of voting securities, with respect to each meeting during which the shareholders of the issuer vote as one class, disclose to such shareholders the following with respect to such vote: (1) The total number of votes cast for, against, or withheld, disaggregated by class of voting security held. (2) The total number of abstentions and broker non-votes, disaggregated by class of voting security held. .
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