S3831Referred to Committee

Enhancing Multi-Class Share Disclosures Act

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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: 78.5% (776 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.

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
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