Companies must show who controls votes in their stock.
H.R. 3357 — Enhancing Multi-Class Share Disclosures Act · Filed by Gregory Meeks (D-NY) · Introduced May 13, 2025 · Passed chamber
Your members of Congress
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What it does
The bill makes companies tell shareholders how many shares each leader owns. It also shows how much voting power each leader has. Companies must put this in papers sent to shareholders before votes. The SEC will write the exact rules.
Who it affects
Regular shareholders learn more about who controls the company. Companies must gather and report this data.
One thing to notice
The bill only makes companies show the facts. It does not change how voting power works.
From the analysis of the bill text, linked under Primary records below.
Where it stands
- May 13, 2025 — Introduced · Congress.gov: “Introduced in House”
- May 13, 2025 — Referred to House Committee on Financial Services and Senate Committee on Banking, Housing, and Urban Affairs · Congress.gov: “Referred to the House Committee on Financial Services”
- May 20, 2025 — Markup held in committee · Congress.gov: “Committee Consideration and Mark-up Session Held”
- May 20, 2025 — Reported out of committee · Congress.gov: “Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0”
- Jul 21, 2025 — Floor vote scheduled · Congress.gov: “Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended”
- Jul 23, 2025 — Passed the House · Congress.gov: “On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required)…”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Money around this bill
2 groups reported lobbying about this bill. They filed 2 reports from Dec 2025 to Dec 2025.
Those reports show $17,960,000 in lobbying spending. Each report lists about 146 bills. So that money was not all for this bill.
More groups named this bill than 41% of bills with any report.
Gregory Meeks, who sponsored the bill, received $957,928 from PACs for the 2026 election.
- Chamber of Commerce of the U.S.A. — $17,960,000 in 1 report
- International Corporate Governance Network — $0 in 1 report
Lobbying is legal. These reports show who lobbied about this bill, not what changed.
Words to know
- voting power — The ability to vote on company decisions based on shares owned.
- shareholders — People or groups that own shares in a company.
- SEC — The government agency that makes rules for stock companies.
- lobbying — Trying to influence lawmakers about a bill. Companies and groups pay people to do this.
- PACs — Groups that collect money and give it to candidates for office.
- sponsored — To sponsor a bill is to introduce it in Congress and put your name on it.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (1,783 characters) on Jul 2, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 14,522 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
Money — Senate Lobbying Disclosure Act filings whose specific-issue field names this bill for quarters ending Dec 2025 to Dec 2025. A filing's amount is reported whole beside the median number of bills a filing names; it is never divided across them. PAC receipts are FEC-reported contributions to the sponsor's candidate committee in the 2026 cycle.
As of — lobbying records through Jan 20, 2026 · page rendered 2026-09-22.
“Companies must show who controls votes in their stock.” QuorumCivic. https://share.quorumcivic.app/bill/119/hr3357/simple Report an error