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S3831Referred to Committee

Enhancing Multi-Class Share Disclosures Act

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-02-11
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

Ruben Gallego
Ruben Gallego
Democrat · AZ · Senator
Votes with party: 50.2% (277 recorded votes)

Full profile: /officials/G000574

Source: Congress.gov · FEC

Cosponsors (1)

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

  • Mike Rounds (R-SD)Original· 2026-02-11

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 →

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2026-02-11

Source: Congress.gov

Plain-English Summary

This bill would require companies with multiple classes of stock to provide clearer and more detailed information to investors about the different voting rights and economic benefits attached to each class of shares. The goal is to help individual investors better understand what they're buying when they purchase company stock and how their voting power compares to other shareholders. This affects publicly traded companies and the millions of Americans who invest in stocks through retirement accounts and brokerage firms.

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.

Subjects

Finance and Financial Sector
Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.

  • S4662A bill to amend the Internal Revenue Code of 1986 to ensure that high net-worth individuals cannot avoid paying taxes on their income and assets.
    Referred to Committee · 2026-06-02
  • S4605Geothermal Cost-Recovery Authority Act of 2026
    Referred to Committee · 2026-05-20
  • S4569Protecting Circuit Boards and Substrates Act
    Referred to Committee · 2026-05-19
  • SJRES131A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Consumer Financial Protection Circular 2024-02: Deceptive Marketing Practices About the Speed or Cost of Sending a Remittance Transfer".
    Referred to Committee · 2026-05-13