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Sponsored by Rep. Gregory W. Meeks (D-NY) · 0 active
Latest action: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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.
Each member’s recorded vote compared with their swing projection from before the vote. A member by voting against most of their own party.
| BandBand before the vote | VotedVoted yea or nay | BrokeBroke with party | Share |
|---|---|---|---|
| Swing | 32 | 0 | 0% |
| Middle | 192 | 24 | 13% |
| Entrenched | 185 | 7 | 4% |
| All |
Members fall into . 2 representatives don’t have enough data yet and are marked “insufficient data”. Non-voting delegates are not counted. The bill is not before the House right now; these scores show where members would stand.
Bars show each input from 0 to 100: ideology gap, scorecard gap, . is the seat’s partisan lean, and shows how much of the input data a score has. Where the House has voted, each member’s appears with the projection made before it.
Loading similar votes
This bill has no cosponsors.
| 409 |
| 31 |
| 8% |
: Pair any member who broke with one who stayed with their party: in 66% of those pairs, the one who broke had the higher swing score before the vote. Chance would be 50%.
Projections from swing-v2, computed with data from before the vote. Present and not voting never count as breaking.
These members have less than half of the model’s inputs, so their scores are not banded or ranked.
Ringed dots broke with their party on the vote.
Ideology is each member’s score. The cluster low on the chart includes the bill’s 1 sponsor and cosponsor in the House: they have already committed, so they score as entrenched. 2 representatives without a DW-NOMINATE score or with insufficient data are not plotted.
Similar votes count toward swing-v3 in the House: total similarity weight 29.5 (needs 5.0).
