4015 ,

Corporate Governance Reform and Transparency Act of 2017

This bill amends the Securities Exchange Act of 1934 to: (1) require a proxy advisory firm to register with the Securities and Exchange Commission (SEC); and (2) prohibit an unregistered proxy advisory firm from using interstate commerce to provide proxy-voting research, analysis, or recommendations to any client.

With respect to such firms, the bill: (1) establishes procedures for both registration and termination of registration; (2) requires each firm to employ an ombudsman, designate a compliance officer, and file specified documents with the SEC; and (3) prohibits unfair, coercive, or abusive practices.

The SEC shall report annually on its website regarding registration applications and related matters.

Policy Area

Finance and Financial Sector

Legislative Terms

  • administrative remedies
  • business ethics
  • competition and antitrust
  • corporate finance and management
  • government information and archives
  • licensing and registrations
  • securities
  • securities and exchange commission (sec)