U.S. House Committee on Financial Services Chairman French Hill and Capital Markets Subcommittee Chair Ann Wagner issued a statement supporting the Trump Administration’s decision to advance reforms aimed at strengthening transparency and accountability in the proxy advisory process. The lawmakers argued that a small number of proxy advisory firms have disproportionate influence over corporate governance decisions affecting millions of investors. They framed the reforms as tightening oversight of proxy advisers and reinforcing fiduciary accountability in proxy voting, with the aim of making shareholder voting fairer and better informed and supporting value maximisation for investors. Hill and Wagner said they expect to work with the Administration and regulators on implementation to protect investors and promote transparent corporate governance.
U.S. Financial Services Committee 2025-12-12
U.S. House Committee on Financial Services leaders endorse Trump Administration reforms to increase transparency and accountability in proxy advisory process
The U.S. House Committee on Financial Services supports the Trump Administration's reforms to enhance transparency and accountability in the proxy advisory process. The reforms aim to tighten oversight of proxy advisers and reinforce fiduciary accountability in proxy voting, promoting fairer shareholder voting and value maximization for investors. Chairman French Hill and Subcommittee Chair Ann Wagner plan to collaborate with regulators on implementation.