Firms must show how each stock class voted.
H.R. 9732 — Multi-Class Stock Company Voting Transparency Act. · Filed by Sean Casten (D-IL) · 1 cosponsor · Introduced Jul 16, 2026 · Referred to committee
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What it does
This bill requires firms with more than one stock type to break down voting results. They must show votes by stock type instead of one total. This lets people see if insiders voted one way. Other people may have voted a different way.
Who it affects
People who own stock in firms with multiple types can see voting patterns clearly. Firms with multiple stock types must track and report votes by type.
One thing to notice
The bill makes voting patterns visible. When insiders' votes are shown apart from others' votes, people can see disagreement.
From the analysis of the bill text, linked under Primary records below.
Where it stands
1 cosponsor: 1 Democrats.
- Jul 16, 2026 — Introduced · Congress.gov: “Introduced in House”
- Jul 16, 2026 — Referred to House Committee on Financial Services · Congress.gov: “Referred to the House Committee on Financial Services”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Words to know
- insiders — People who own special stock that gives them more voting power.
- stock type — A kind of stock share that has its own voting power.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (867 characters) on Aug 12, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 14,707 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.
As of — page rendered 2026-09-23.
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