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H.R. 3357 · Finance and Financial Sector
Enhancing Multi-Class Share Disclosures Act
Introduced May 13, 2025 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
What does this mean?

Some companies sell different classes of stock where one class gets way more votes per share than another—often letting founders or executives keep control of the company even if they own a smaller slice of it overall. This bill would require those companies, when they ask shareholders to vote on something (like electing board members), to clearly spell out how many shares and how much actual voting power each director, top executive, and any big shareholder (owning 5% or more of the voting power) really holds. In practice, everyday investors reading these voting materials would get a clearer picture of who actually controls the company's decisions, rather than just seeing raw share counts that might be misleading.

Read the official CRS summary on Congress.gov →
Bill Lifecycle
Real action history from Congress.gov — where this bill is in the process, and every recorded step along the way.
Introduced in House
May 13, 2025
Referred to Committee
May 13, 2025
Passed House
Jul 23, 2025
Received in Senate
Jul 24, 2025
Full action history (15)
May 13, 2025Referred to the House Committee on Financial Services.
May 13, 2025Introduced in House
May 20, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.
May 20, 2025Committee Consideration and Mark-up Session Held
Jun 3, 2025Placed on the Union Calendar, Calendar No. 90.
Jun 3, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-120.
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