To amend the Securities Exchange Act of 1934 to provide shareholders with an advisory vote on executive compensation.

Introduced in House

Referred to the House Committee on Financial Services.

Committee Hearings Held.

Committee Consideration and Mark-up Session Held.

Ordered to be Reported (Amended) by the Yeas and Nays: 37 - 29.

Reported (Amended) by the Committee on Financial Services. H. Rept. 110-88.

Rules Committee Resolution H. Res. 301 Reported to House. Rule provides for consideration of H.R. 1257 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill.

Committee of the Whole House on the state of the Union rises leaving H.R. 1257 as unfinished business.

DEBATE - The House proceeded with ten minutes of debate on the motion to recommit with instructions on H.R. 1257. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment inserting a new paragraph providing a clarification on the non-binding nature of the vote.

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Rule H. Res. 301 passed House.

Passed/agreed to in House: On passage Passed by recorded vote: 269 - 134 (Roll no. 244).