Petitioning U.S. House of Representatives and 32 others

Protect Shareholders. Strike the Financial Choice Act 2.0.

2,585
Supporters

Shareholder democracy is being profoundly threatened by Section 844 of the Financial CHOICE Act 2.0.

This new legislation, which was heard by the Congressional Financial Services Committee on April 26 and then passed by the House on June 8, contains a provision that would fundamentally impair investors' rights to file shareholder resolutions. It is now scheduled to be voted on in the Senate. The new rule would permit only a tiny fraction of the globe’s wealthiest investors (those who own more than 1% or more of a company’s stock) to file shareholder proposals. For example, raising the ownership requirement to 1% would leave only 11 investors with enough shares ($3 billion) necessary to file shareholder proposals at Wells Fargo.

All other shareholders would be blocked from using their shareholder rights to address equity, justice, sustainability, climate, risk, and good governance issues.

Sign our petition and make your voice heard. We will be sending signatures, as well as the letter linked below, to the Senate. Let’s work together to defeat this destabilizing legislation that will profoundly affect consumers, investors, and the economy at large.

This petition will be delivered to:
  • Representative
    Luke Messer
  • Representative
    Ann Wagner
  • Representative
    Dennis Ross
  • Representative
    Randy Hultgren
  • Representative
    Mick Mulvaney
  • Representative
    Stephen Fincher
  • Representative
    Steve Stivers
  • Representative
    Bill Huizenga
  • Representative
    Lynn Westmoreland
  • Representative
    Kevin McCarthy
  • Representative
    Randy Neugebauer
  • Representative
    Frank Lucas
  • Representative
    Ed Royce
  • Representative
    Pete King
  • Representative
    Robert Hurt
  • Representative
    Scott Garrett
  • Representative
    Carolyn Maloney
  • Representative
    Brad Sherman
  • Representative
    Ruben Hinojosa
  • Representative
    Stephen Lynch
  • Representative
    Gwen Moore
  • Representative
    Ed Perlmutter
  • Representative
    David Scott
  • Representative
    Jim Himes
  • Senator
    Gary Peters
  • Representative
    Keith Ellison
  • Representative
    Bill Foster
  • State Representative
    John Carney
  • Representative
    Terri Sewell
  • Representative
    Patrick Murphy

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