Loading chat...

IN HB1273

Bill

Official Source

Status

Passed

3/3/2026

Primary Sponsor

Kyle Pierce

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Adds new chapter to Indiana Code regulating proxy advisors who provide voting recommendations to shareholders for compensation, effective July 1, 2026
  • Requires proxy advisors recommending votes against company management to either provide a written financial analysis or clearly disclose that no such analysis was used
  • Mandates disclosures to both shareholders and entity management when recommendations against management are made, including prominent website display of such recommendations
  • Exempts FDIC-insured financial institutions providing proxy advice under fiduciary duty, and charitable organizations with less than $500,000 in annual proxy advisory revenue
  • Violations constitute deceptive acts under Indiana consumer protection law, allowing enforcement by the attorney general and private actions for declaratory judgment or injunctive relief by interested parties

Legislative Description

Requirements for proxy advisors.

Last Action

Public Law 60

3/3/2026

Committee Referrals

Insurance & Financial Institutions1/26/2026
Financial Institutions1/6/2026

Full Bill Text

No bill text available