H.R. 3357Enhancing Multi-Class Share Disclosures Act

What the bill would do

This bill requires issuers of securities with multi-class share structures to disclose certain information in any proxy solicitation or consent solicitation material. A multi-class share structure occurs when a company issues two or more classes of shares that have different voting rights. For example, a company may issue one class of shares with no or few voting rights for the public, and another class with more voting rights for company founders and executives.

Summary by the Congressional Research Service. Last updated Jul 18, 2025.

• BillFull text · congress.gov(opens in a new tab)
• Roll callclerk.house.gov vote #217(opens in a new tab)