# 119-hr-3357: Enhancing Multi-Class Share Disclosures Act

119-hr-3357, Enhancing Multi-Class Share Disclosures Act, is a 119th Congress bill sponsored by Rep. Meeks, Gregory W. [D-NY-5] (D-NY); status passed_house; PRIA reads it as touching household money (as of 2026-07-19).

- Canonical: https://policyrisk.com/legislation/119-hr-3357
- As of: 2026-07-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-3357
- Congress: 119
- Title: Enhancing Multi-Class Share Disclosures Act
- Status: passed_house
- Introduced: 2025-05-13
- Sponsor: Rep. Meeks, Gregory W. [D-NY-5] (D-NY)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-07-19

## Summary

**Makes control of multi-class companies more transparent.** The bill targets firms that issue more than one class of stock with unequal voting rights and aims to show who actually controls board elections. - Investors: Retail and institutional investors get clear, quantified numbers for key insiders and large holders so they can see each person's share of outstanding voting securities and share of total combined voting power. - Directors, nominees, named executive officers, and large holders: Those individuals must have their holdings reported as a percentage of the issuer's outstanding voting securities and as a percentage of total combined voting power, with a disclosure trigger for anyone holding 5% or more of combined voting power. - Issuers and boards: Companies with multi-class share structures must include these specific percentages in proxy or consent solicitation materials for annual meetings. - Securities and Exchange Commission: The SEC must write the implementing rules and may require the same disclosures in other filings it finds appropriate.

## Votes

| Date | Chamber | Question | Result | Yea | Nay |
| --- | --- | --- | --- | --- | --- |
| 2025-07-23T00:00:00.000Z | house | On Motion to Suspend the Rules and Pass, as Amended | Passed | 381 | 31 |

## Provisions PRIA read

- More voting-power details for multi-class stocks: benefit, medium. If enacted, the SEC would require companies with two or more share classes to disclose who owns and controls votes. Annual meeting proxy or consent materials would need to list each director, director nominee, and named executive officer, plus any owner with 5% or more of total voting power. For ea…

## Related bills

- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7481: Department of Homeland Security Appropriations Act, 2026
- 119-hr-7973: Momnibus Act
- 119-hr-3971: Domestic Workers Bill of Rights Act
- 119-hr-3069: Medicare for All Act
- 119-hr-1354: Justice for All Act of 2025

## Sources
- [119-hr-3357 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/3357)

## Related
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7481: Department of Homeland Security Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7481)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-3971: Domestic Workers Bill of Rights Act](https://policyrisk.com/legislation/119-hr-3971)
- [119-hr-3069: Medicare for All Act](https://policyrisk.com/legislation/119-hr-3069)
- [119-hr-1354: Justice for All Act of 2025](https://policyrisk.com/legislation/119-hr-1354)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-3357 (as of 2026-07-19).