HR4098-119

Introduced

To amend the Securities Exchange Act of 1934 to prohibit certain acts by proxy advisory firms, and for other purposes.

119th Congress Introduced Jun 24, 2025

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To amend the Securities Exchange Act of 1934 to prohibit certain acts by proxy advisory firms, and for other purposes., changes federal law or congressional policy affecting environmental regulators and natural-resource users. The main policy domain is Environment, Finance, Transportation.

Who Benefits and How

environmental regulators and natural-resource users may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, environmental regulators and natural-resource users may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section HE3D3CE5ED83E4A6A8B69466AD1931E73: 1. Short title This Act may be cited as the Stopping Proxy Advisor Racketeering Act.
  • Section H16D2D5767F1E446C933527F4F79A13BF: 2. Conduct of proxy advisory firms The Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) is amended by inserting after section 14B the following: It...
  • Section H099C88BD0F524599968958C377A6F0CB: 14C. Conduct of proxy advisory firms It shall be unlawful for a proxy advisory firm to provide proxy voting advice if the proxy advisory firm possesses a...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, To amend the Securities Exchange Act of 1934 to prohibit certain acts by proxy advisory firms, and for other purposes., changes federal law or congressional policy affecting environmental regulators and natural-resource users.

Key Policy Areas

Environment, Finance, Transportation

Primary Purpose

This bill, To amend the Securities Exchange Act of 1934 to prohibit certain acts by proxy advisory firms, and for other purposes., changes federal law or congressional policy affecting environmental regulators and natural-resource users.

Policy Domains

Environment Finance Transportation

Whole bill

Identified Gains
  • environmental regulators and natural-resource users
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
environmental regulators and natural-resource users: ,
Identified Costs
  • federal implementing agencies
  • environmental regulators and natural-resource users
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
federal implementing agencies: ,
environmental regulators and natural-resource users: ,

Legislative Progress

Introduced
Introduced Committee Passed
Jun 24, 2025

Mr. Fitzgerald introduced the following bill; which was referred to …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Environment Finance Transportation
Actor Mappings
"the_commission"
→ The commission identified in the operative section

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology