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IA HF2196
Bill
Status
Introduced
1/29/2026
Primary Sponsor
John Wills
Click for details
AI Summary
- Requires proxy advisors who provide voting recommendations against company management to disclose whether those recommendations are based on a financial analysis of the proposal's costs and benefits to shareholders
- Mandates proxy advisors provide clear written disclosure to shareholders and company boards identifying the specific advisory service, the recommendation at issue, and whether it lacks financial analysis support
- Requires proxy advisors to post conspicuously on their website when their services include recommendations against management that are not based on financial analysis
- Defines "financial analysis" as written documentation that analyzes short-term and long-term financial benefits/costs, concludes what actions may positively affect shareholder value, and explains methods used including personnel experience and location
- Applies to publicly traded, for-profit entities organized under Iowa law with principal place of business in the state, including foreign entities proposing to become domestic through merger or conversion
Legislative Description
A bill for an act relating to proxy advisors and proxy advisory services, and including applicability provisions.
Last Action
Subcommittee recommends passage.
2/10/2026
Committee Referrals
State Government1/29/2026
Full Bill Text
No bill text available