To clarify that an issuer may exclude a shareholder proposal pursuant to section 240.14a-8(i) of title 17, Code of Federal Regulations, without regard to whether such proposal relates to a significant social policy issue.

Cost and committee reports

Official records Congress.gov attaches to H.R. 4657.

• Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. ROSE, as printed in the Congressional Record (Vol. 169, No. 121, July 14, 2023, Page H3613):
  Article 1, Section 8 The single subject of this legislation is: Shareholder Proposals
  Source: Congress.gov, Congressional Record July 14, 2023 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  85 characters

  Congress.gov bill record

  H.R. 4657, 118th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/118/hr/4657

  Record last updated by Congress.gov

  May 27, 2025

  PORKER copy retrieved

  September 14, 2026

  Stored copy, SHA-256 of the file

  b1e42f3291a671a5a4435df6cbd0aa2be1d944c805cdda46ba3f33079799dd7a

  PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.

Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of May 27, 2025). Not every bill gets one.

From the Congress.gov bill record for H.R. 4657, last updated May 27, 2025. PORKER’s copy was retrieved September 14, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.