House Subcommittee Holds Hearing on Proxy Advisory Firms - May 17, 2016

On May 17, 2016, the House Financial Services Subcommittee on Capital Markets held a hearing on three proposed bills to enhance capital formation, transparency, and regulatory accountability.  One of the proposals considered at this hearing was legislation prepared by Representatives Sean Duffy (R-WI) and John Carney (D-DE) to regulate the business practices of proxy advisory firms.

Click here to review the testimony of the witnesses at this hearing and to watch the webcast archive of this hearing: http://financialservices.house.gov/calendar/eventsingle.aspx?EventID=400629

The May 17 version of the Duffy-Carney Proxy Advisory Firm Reform Act of 2016 is available below.