US HB3357

Amends the Securities Exchange Act of 1934 to require the SEC to establish rules mandating disclosure by companies with multi-class stock structures

Disclosures must appear in proxy or consent solicitation materials for annual shareholder meetings, covering directors, director nominees, named executive officers, and beneficial owners holding 5% or more of total voting power

Required information includes each covered person's share ownership as a percentage of total outstanding voting securities, plus their actual voting power as a percentage of combined voting power across all share classes

Defines "multi-class share structure" as a capitalization structure with 2 or more types of securities having different voting rights in director elections

Passed the House of Representatives on July 23, 2025