All Roll Calls
Yes: 530 • No: 202
KansasSB 3752025–2026 Regular SessionSenate
Enacting the proxy advisor transparency act, requiring proxy advisors to make certain disclosures when recommending an action against company management, authorizing the attorney general to investigate and take enforcement actions against violators and establishing a private right of action for a declaratory judgment or injunctive relief.
Sponsored By: Committee on Judiciary
Became Law
house committee on financial institutions and pensionssenate committee on judiciary
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Investors get disclosures on shareholder voting advice
Kansas requires covered proxy advisers—firms advising shareholders on votes—to explain recommendations or default voting policies against company management. The rules cover services connected to a company or provided to a person in Kansas. Advisers must identify the service and recommendation when delivering advice and disclose whether a qualifying written financial analysis supports it. That analysis must assess short- and long-term financial benefits and costs and identify the vote most likely to improve shareholder value. It must also explain its methods and the experience and location of staff who prepared it. Without that analysis, advisers must notify shareholders or their agents and the company's board when providing the service. They must also post a prominent notice on their homepage. With an analysis, advisers must tell recipients it is available on request and available to the board. They must give requesting clients the analysis within a reasonable time and give the board a copy. Qualifying charities are exempt when annual revenue from proxy advice is below $500,000, with the same threshold for each applicable affiliated group. Specified financial institutions and affiliates are exempt when proxy advice provides less than 10% of gross annual revenue. Violations count as deceptive and unconscionable practices under Kansas consumer protection law. The attorney general can investigate suspected past, ongoing, or imminent violations. Only the attorney general or a designee can sue under this enforcement rule; it creates no private lawsuit under K.S.A. 50-634. For remedies and penalties, violators count as suppliers and victims as consumers, without proof of a consumer transaction. The law takes effect upon publication in the statute book.
Sponsors & Cosponsors
Sponsor
Committee on Judiciary
Affiliation unavailable
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 4/23/2026
Yea: 31 Nay: 9
Yes: 31 • No: 9
Senate vote • 4/23/2026
Yea: 87 Nay: 36
Yes: 87 • No: 36
Senate vote • 4/23/2026
Yea: 84 Nay: 40
Yes: 84 • No: 40
Senate vote • 4/23/2026
Yea: 31 Nay: 8
Yes: 31 • No: 8
Senate vote • 4/23/2026
Yea: 32 Nay: 8
Yes: 32 • No: 8
Senate vote • 4/9/2026
Motion to override veto prevailed
Yes: 31 • No: 8
House vote • 4/9/2026
Motion to override veto prevailed
Yes: 87 • No: 36
Senate vote • 3/25/2026
Concurred with amendments in conference
Yes: 32 • No: 8
House vote • 3/18/2026
Emergency Final Action - Passed as amended
Yes: 84 • No: 40
Senate vote • 2/18/2026
Emergency Final Action - Passed as amended
Yes: 31 • No: 9
Actions Timeline
Vetoed by Governor; Returned to Senate on Monday, April 6, 2026
4/9/2026SenateMotion to override veto prevailed; Yea 31, Nay 8, Absent 1
4/9/2026SenateMotion to override veto prevailed; Yea 87, Nay 36, Absent 2
4/9/2026HouseEnrolled and presented to Governor on Friday, March 27, 2026
3/27/2026SenateConcurred with amendments in conference; Yea 32, Nay 8
3/25/2026SenateNonconcurred with amendments; Conference Committee requested; appointed Sen. Kellie Warren, Sen. Kenny Titus and Sen. Ethan Corson
3/23/2026SenateMotion to accede adopted; Rep. Nick Hoheisel, Rep. Angela Stiens and Rep. Rui Xu appointed as conferees
3/23/2026HouseCommittee of the Whole - Committee Report be adopted
3/18/2026HouseCommittee of the Whole - Be passed as amended
3/18/2026HouseMotion to advance to Emergency Final Action adopted
3/18/2026HouseEmergency Final Action - Passed as amended; Yea 84, Nay 40, Absent 1
3/18/2026HouseCommittee Report recommending bill be passed as amended by House Committee on Financial Institutions and Pensions
3/10/2026HouseHearing: Wednesday, March 4, 2026, 9:00 AM — Room 582-N
3/4/2026HouseReceived and Introduced
2/24/2026HouseReferred to House Committee on Financial Institutions and Pensions
2/24/2026HouseCommittee of the Whole - Motion to Amend - Offered by Sen. Kellie Warren
2/18/2026SenateCommittee of the Whole - Amendment by Sen. Kellie Warren was adopted
2/18/2026SenateCommittee of the Whole - Motion to Amend - Offered by Sen. Kellie Warren
2/18/2026SenateCommittee of the Whole - Amendment by Sen. Kellie Warren was adopted
2/18/2026SenateCommittee of the Whole - Be passed as amended
2/18/2026SenateEmergency Final Action - Passed as amended; Yea 31, Nay 9
2/18/2026SenateCommittee Report recommending bill be passed by Senate Committee on Judiciary
2/17/2026SenateHearing: Tuesday, February 10, 2026, 10:30 AM — Room 346-S
2/10/2026SenateReferred to Senate Committee on Judiciary
1/23/2026SenateIntroduced
1/22/2026Senate
Bill Text
As Amended by House Committee on Financial Institutions and Pensions
As Introduced
Enrolled
{As Amended by Senate Committee of the Whole}
Related Bills
SB 430, Adding mitragynine to schedule I of the uniform controlled substances act and reconciling multiple amendments to certain statutes in the Kansas criminal code.
SB 82, Providing tax credits for expenditures for lockable gun and ammunition storage and the retail sale of higher ethanol blends of fuel, discontinuing the tax credit for qualified alternative-fueled motor vehicle property or fueling station expenditures, repealing the agritourism liability insurance, assistive technology contributions, declared disaster capital investment, owners promoting employment across Kansas and swine facility improvement tax credits and expanding the eligibility for applicable expenses under the child day care services assistance tax credit.
SB 300, Providing for the apportionment of business income by manufacturers of alcoholic liquor depending on whether the taxpayer is a qualifying Kansas investor or a general manufacturer and removing obsolete reference to global intangible low-taxed income provided for under the federal internal revenue code in determining Kansas adjusted gross income.
HB 2029, Reconciling multiple amendments to certain statutes.
HB 2018, Senate Substitute for HB 2018 by Committee on Federal and State Affairs - Creating the crime of interference with the conduct of a religious assembly, providing criminal penalties therefor and providing for a civil cause of action for damages.
HB 2530, Substitute for HB 2530 by Committee on Education - Providing for the transferability of credentials earned through ACT workkeys career readiness assessments towards a degree.