# New Jersey S4974: Updates law governing votes by shareholders for items other than for election of members to board of directors.

New Jersey S4974, Updates law governing votes by shareholders for items other than for election of members to board of directors., is a 220th Legislature (2024-2025) Senate bill sponsored by Patrick J. Diegnan Jr. (Democratic); status failed, last action 2026-01-12 (Received in Assembly, Referred to Assembly Financial Institutions and Insurance Committee) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/NJ-S4974-2024-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: New Jersey S4974
- State: New Jersey
- Session: 220th Legislature (2024-2025)
- Title: Updates law governing votes by shareholders for items other than for election of members to board of directors.
- Status: failed
- Chamber: Senate
- Introduced: 2025-12-08
- Last action: 2026-01-12, Received in Assembly, Referred to Assembly Financial Institutions and Insurance Committee
- Sponsor: Patrick J. Diegnan Jr. (Democratic)
- Cosponsors: 0
- Touches household money: no
- Roll calls: 1 (39 yes, 0 no in all)
- Economic provisions PRIA read: 0

## Summary

No summary available.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Patrick J. Diegnan Jr. (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-01-12 | Senate | 3RDG FINAL PASSAGE | pass | 39 | 0 |   |

## Actions (4)

- 2026-01-12: Received in Assembly, Referred to Assembly Financial Institutions and Insurance Committee (House)
- 2026-01-12: Passed Senate — (39-0) (Senate)
- 2026-01-08: Reported, 2nd Reading in Senate (Senate)
- 2025-12-08: Introduced, 1st Reading in Senate, Referred to Senate Budget and Appropriations Committee (Senate)

## Bill text

- Senate Budget and Appropriations Substitute (1/8/26), 2026-01-09: [HTML](https://pub.njleg.state.nj.us/Bills/2024/S5000/4974_S1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/S5000/4974_S1.PDF)
- As Introduced, 2025-12-09: [HTML](https://pub.njleg.state.nj.us/Bills/2024/S5000/4974_I1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/S5000/4974_I1.PDF)

## Related bills

- S4928: Requires payment of prevailing wage for certain data center construction. (signed)
- S4925: Expands provisions of P.L.2022, c.9 under certain circumstances. (signed)
- S4847: Makes various changes to membership on Cannabis Regulatory Commission and to legalized medical and personal use cannabis marketplace. (signed)
- S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act." (signed)
- S4678: Includes retired teachers and county college faculty members in science, technology, engineering, and mathematics teacher grant program.* (signed)
- S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation program with remaining funds for unmet recovery and rebuilding needs for Supers… (signed)

## Sources
- [Senate Budget and Appropriations Substitute (1/8/26) (HTML)](https://pub.njleg.state.nj.us/Bills/2024/S5000/4974_S1.HTM)
- [Senate Budget and Appropriations Substitute (1/8/26) (PDF)](https://pub.njleg.state.nj.us/Bills/2024/S5000/4974_S1.PDF)
- [As Introduced (HTML)](https://pub.njleg.state.nj.us/Bills/2024/S5000/4974_I1.HTM)
- [As Introduced (PDF)](https://pub.njleg.state.nj.us/Bills/2024/S5000/4974_I1.PDF)

## Related
- [S4928: Requires payment of prevailing wage for certain data center construction.](https://policyrisk.com/state-bill/NJ-S4928-2024-2025)
- [S4925: Expands provisions of P.L.2022, c.9 under certain circumstances.](https://policyrisk.com/state-bill/NJ-S4925-2024-2025)
- [S4847: Makes various changes to membership on Cannabis Regulatory Commission and to le…](https://policyrisk.com/state-bill/NJ-S4847-2024-2025)
- [S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act."](https://policyrisk.com/state-bill/NJ-S4858-2024-2025)
- [S4678: Includes retired teachers and county college faculty members in science, techno…](https://policyrisk.com/state-bill/NJ-S4678-2024-2025)
- [S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation…](https://policyrisk.com/state-bill/NJ-S4812-2024-2025)
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Source: PRIA, https://policyrisk.com/state-bill/NJ-S4974-2024-2025 (as of 2026-10-17).