Protecting Americans’ Retirement Savings From Politics Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8286 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8286 To amend the Federal securities laws with respect to the materiality of disclosure requirements, to establish the Public Company Advisory Committee, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 15, 2026 Mr. Steil (for himself and Mrs. Wagner) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To amend the Federal securities laws with respect to the materiality of disclosure requirements, to establish the Public Company Advisory Committee, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE; TABLE OF CONTENTS. (a) Short Title.--This Act may be cited as the ``Protecting Americans' Retirement Savings From Politics Act''. (b) Table of Contents.--The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. TITLE I--MANDATORY MATERIALITY REQUIREMENT Sec. 101. Limitation on disclosure requirements. TITLE II--PUBLIC COMPANY ADVISORY COMMITTEE Sec. 201. Public Company Advisory Committee. TITLE III--PROTECTING U.S. BUSINESS SOVEREIGNTY Sec. 301. Study on detrimental impact of the Corporate Sustainability Due Diligence Directive and Corporate Sustainability Reporting Directive. TITLE IV--CORPORATE GOVERNANCE EXAMINATION Sec. 401. Study of certain issues with respect to proxy advisory firms and the proxy process. TITLE V--REGISTRATION OF PROXY ADVISORY FIRMS Sec. 501. Registration of proxy advisory firms. TITLE VI--LIABILITY FOR CERTAIN FAILURES TO DISCLOSE MATERIAL INFORMATION OR MAKING OF MATERIAL MISSTATEMENTS Sec. 601. Liability for certain failures to disclose material informati