South Carolina bills · 2025-2026 Regular Session
South Carolina H 4985
Proxy Advisory Transparency Act
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- B. Newton (Republican)
- M.M. Smith (Republican)
Summary
Official abstract published by the South Carolina legislature· description
A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "PROXY ADVISOR TRANSPARENCY ACT" BY ADDING ARTICLE 9 TO CHAPTER 5, TITLE 39 SO AS TO REQUIRE PROXY ADVISORS TO ISSUE SPECIFIED DISCLOSURES WHEN MAKING CERTAIN RECOMMENDATIONS WITHOUT RELYING ON A WRITTEN FINANCIAL ANALYSIS; AND TO PROVIDE THAT A VIOLATION OF THIS ARTICLE IS A DECEPTIVE TRADE PRACTICE SUBJECT TO THE INVESTIGATORY AND ENFORCEMENT POWERS OF THE ATTORNEY GENERAL, AS WELL AS A PRIVATE RIGHT OF ACTION BY ANY AGGRIEVED PERSON.
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- Feb 11, 2026 · House
Member(s) request name added as sponsor: M.M.Smith - Jan 20, 2026 · House
Referred to Committee on Labor, Commerce and Industry - Jan 20, 2026 · House
Introduced and read first time