H.R. 3357: Enhancing Multi-Class Share Disclosures Act
A House bill (H.R.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | House bill (H.R.) |
| Originating chamber | House |
| Introduced | 2025-05-13 |
| Sponsor | Rep. Meeks, Gregory W. [D-NY-5] |
| Policy area | Finance and Financial Sector |
| Cosponsors | 0 |
| Latest action | 2025-07-24 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Last updated | 2026-07-18 |
Summary
Official summary (Introduced in House, 2025-05-13):
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.
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for H.R. 3357 are published by Congress on congress.gov.
View H.R. 3357 on congress.gov →
Frequently asked questions
What is H.R. 3357?
H.R. 3357 is a House bill (H.R.) introduced in the 119th U.S. Congress, originating in the House. Official title: Enhancing Multi-Class Share Disclosures Act.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for H.R. 3357 are available on congress.gov.
Bill data: congress.gov API (official congressional records).