What does Preamble of Protecting Americans’ Savings Act do?

This bill amends the Securities Exchange Act of 1934 It establishes requirements related to proxy voting The bill has other purposes beyond proxy voting

What does SHORT TITLE. of Protecting Americans’ Savings Act do?

This Act is formally titled the Protecting Americans' Savings Act.

What does REQUIREMENTS RELATED TO PROXY VOTING. of Protecting Americans’ Savings Act do?

This section amends the Securities Exchange Act of 1934 It prohibits the use of robovoting for proxy or consent solicitation votes Institutional investors are restricted from outsourcing voting decisions to unregistered entities No person can be required to cast votes unless obligated by fiduciary duty or specific rules

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Protecting Americans’ Savings Act

Last updated: 4/20/2026 · Introduced: 4/20/2026

Author: Zachary Nunn (R-IA)

TL;DR (AI)

The bill prohibits the use of automated 'robovoting' systems for proxy votes.
It restricts institutional investors from outsourcing proxy voting decisions to entities not registered to provide such services.
Individuals cannot be required to cast proxy votes unless they have a fiduciary duty or are bound by specific rules.

119th Congressin committeeHR. 8286(In Committee)Official page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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