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H.R. 3357Passed House

Enhancing Multi-Class Share Disclosures Act

Introduced: May 13, 2025

Latest action date: Jul 24, 2025

Latest development

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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Congress
119th Congress
Introduced
May 13, 2025
Recorded roll calls
1

Status detail: The full action history records passage in the House.

Plain-language overview

What this bill does

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.

Official summary from Congress.gov.

Civixly topics

What this legislation is about

Civixly topics make federal and state legislation comparable. They are derived from the official CRS policy area and legislative subjects.

Official CRS policy area

Finance and Financial Sector

View 4 official legislative subjects
Consumer affairsCorporate finance and managementFinancial services and investmentsSecurities

Committee activity

Committees and subcommittees that received, reviewed, marked up, or reported this legislation.

Amendments

Proposed changes to this measure, with their latest official outcome or action from Congress.gov.

No amendments are listed for this measure.

Checked against Congress.gov Oct 13, 2026.

Action timeline

Newest action first. Action language comes from the official Congress.gov record.

View full action timeline17 actions
  1. Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    IntroReferralSenate
  2. Motion to reconsider laid on the table Agreed to without objection.

    FloorHouse floor actions
  3. Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 381 - 31 (Roll no. 217). (text: 07/21/2025 CR H3508)

    FloorLibrary of Congress
  4. On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 381 - 31 (Roll no. 217). (text: 07/21/2025 CR H3508)

    FloorHouse floor actions
  5. Considered as unfinished business. (consideration: CR H3621-3622)

    FloorHouse floor actions
  6. At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

    FloorHouse floor actions
  7. DEBATE - The House proceeded with forty minutes of debate on H.R. 3357.

    FloorHouse floor actions
  8. Considered under suspension of the rules. (consideration: CR H3508)

    FloorHouse floor actions
  9. Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.

    FloorHouse floor actions
  10. Placed on the Union Calendar, Calendar No. 90.

    CalendarsHouse floor actions
  11. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-120.

    CommitteeHouse floor actions
  12. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-120.

    CommitteeLibrary of Congress
  13. Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.

    CommitteeHouse committee actions
  14. Committee Consideration and Mark-up Session Held

    CommitteeHouse committee actions
  15. Introduced in House

    IntroReferralLibrary of Congress
  16. Referred to the House Committee on Financial Services.

    IntroReferralHouse floor actions
  17. Introduced in House

    IntroReferralLibrary of Congress

Roll-call votes

Recorded House and Senate votes connected to this bill. Your representatives appear first when available.

PassedJul 23, 2025House · Roll call 217

On Motion to Suspend the Rules and Pass, as Amended

31 Nay381 Yea18 Not Voting
View 430 recorded positions
Blake MooreNot Voting
David ScottYea
Doug LaMalfaNot Voting
Eric BurlisonNot Voting
Eric SwalwellNot Voting
Lauren BoebertNot Voting
Marjorie Taylor GreeneNot Voting
Mikie SherrillNot Voting
Paul A. GosarNot Voting
Sheila Cherfilus-McCormickYea
Tony GonzalesYea
Zoe LofgrenNot Voting

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Sources: Congress.gov and official House and Senate vote records.

View data freshness details

Base metadata check pending · Civixly summary check pending · Action timeline checked Oct 13, 2026 · Complete sponsorship check pending · Topics checked Oct 13, 2026 · Committees checked Oct 13, 2026 · Status checked Oct 13, 2026 · Related bills checked Oct 13, 2026.