Enhancing Multi-Class Share Disclosures Act
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TQL analysis
B72
72 / 90 · methodology full_text_v3
The Enhancing Multi-Class Share Disclosures Act mandates issuers with multi-class stock structures to disclose specific information about voting power and share ownership in proxy materials. The bill aims to increase transparency in corporate governance by requiring detailed disclosures about directors and significant shareholders.
Structural flags
⚑ No enforcement or oversight — imposes duties but names no enforcement or oversight mechanism
⚑ Spends without a pay-for — authorizes new spending with no stated offset or pay-for
Legislative structure
Criterion breakdown8 criteria · max 90
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The letter, score, and explanation above are free. The point-by-point breakdown of all eight scored criteria — with each criterion's value and how it moved the grade — is a Quiet Ledger research capability.
Access options →Recorded vote · House roll call 217 · 2025-07-23
381 Yea · 31 Nay · 0 Present · 18 Not voting — Passed
Actions (17)
| Date | Time | Action |
|---|---|---|
| 2025-05-13 | — | Referred to the House Committee on Financial Services. |
| 2025-05-13 | — | Introduced in House |
| 2025-05-13 | — | Introduced in House |
| 2025-05-20 | — | Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0. |
| 2025-05-20 | — | Committee Consideration and Mark-up Session Held |
| 2025-06-03 | — | Placed on the Union Calendar, Calendar No. 90. |
| 2025-06-03 | — | Reported (Amended) by the Committee on Financial Services. H. Rept. 119-120. |
| 2025-06-03 | — | Reported (Amended) by the Committee on Financial Services. H. Rept. 119-120. |
| 2025-07-21 | 17:30:14 | Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended. |
| 2025-07-21 | 17:30:32 | Considered under suspension of the rules. (consideration: CR H3508) |
| 2025-07-21 | 17:30:33 | DEBATE - The House proceeded with forty minutes of debate on H.R. 3357. |
| 2025-07-21 | 17:39:00 | 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. |
| 2025-07-23 | 15:30:34 | Considered as unfinished business. (consideration: CR H3621-3622) |
| 2025-07-23 | 15:58:28 | 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) |
| 2025-07-23 | 15:58:28 | 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) |
| 2025-07-23 | 15:58:29 | Motion to reconsider laid on the table Agreed to without objection. |
| 2025-07-24 | — | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Provenance
- Methodology
- full_text_v3
- Calculated
- 2026-09-18 16:57:01.797+00
- Source version
- 2025-07-24
- Assessments
- —
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