Stop Woke Investing Act
S 3179, the "Stop Woke Investing Act," limits the number of shareholder proposals that publicly traded companies must include in their proxy materials based on the company's filing status with the SEC. Non-accelerated filers (smaller companies) must include no more than two proposals, accelerated filers up to four, and large accelerated filers up to seven. Proposals must have a "material" financial impact on the company - meaning they directly affect financial risk or return - excluding those focused on social, environmental, or ideological goals. The bill requires companies to disclose their selection method for proposals and ensures the order of receipt doesn't influence inclusion.
Bill status
in committee
1 of 4 stages cleared
Introduction
Nov 2023
Committee Review
Floor Vote
President
Introduced Nov 1, 2023
Last action Nov 1, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Nov 1, 2023
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Nov 1, 2023
Introduced
Introduced in Senate
upper
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Eric Schmitt
RRepublican
Co
Mike Braun
RRepublican
Co
Ted Budd
RRepublican
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