Multi-Class Stock Company Voting Transparency Act.

Sponsor: Sean Casten (Democratic-IL)July 16, 2026

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the House Committee on Financial Services.

Shareholders would get clear details on how different stock classes vote in companies.

Companies with different types of voting stock would need to share more detailed results from shareholder votes. It would give investors a clearer picture of how each class of stock voted on company matters. This means shareholders would see exactly how votes are split among different groups.

What Would Change

Today, companies with different types of voting stock do not have to show how each class of stock voted on company matters. If this bill becomes law, these companies would be required to disclose detailed voting results. This includes votes for, against, or withheld, and abstentions, broken down by each class of stock.

Key Provisions

Requires companies with two or more types of voting stock to share detailed voting results from shareholder meetings.
Mandates that these companies show the total votes "for," "against," or "withheld" for each class of stock.
Demands disclosure of total abstentions and broker non-votes, broken down by each class of stock.
Directs the Securities and Exchange Commission to create new rules for these disclosure requirements.

View on Congress.gov

HR 9732 · 119th Congress · July 16, 2026 · AI Summary by gemini-2.5-flash · 10/10

Multi-Class Stock Company Voting Transparency Act.

What Would Change

Key Provisions

Lobbying Activity