Access to Fertility Treatment and Care Act

House Bill

H.R. 4648

119th Congress

Access to Fertility Treatment and Care Act

In Committee

Introduced:Jul 23, 2025

Primary Sponsor

Rosa L. DeLauro

Representative

Democratic

CT-3

Cosponsors

0

Quick Stats

Policy Area

Finance and Financial Sector

Summary

This bill would require certain large investment firms to disclose more information about how they vote on shareholder proposals. They would have to report how they voted, how often they followed recommendations from advisory firms, and explain their reasoning. The largest firms would also need to analyze the economic impact of certain votes to ensure they are acting in the best interests of shareholders.

Latest Action

Referred to the House Committee on Financial Services.

SponsorRosa L. DeLauro (D-CT)

Introduced7/23/2025

StatusReferred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Mean

ChamberHouse

Data from Congress.gov

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Vote Prediction

Access to Fertility Treatment and Care Act

This bill would require certain large investment firms to disclose more information about how they vote on shareholder proposals. They would have to report how they voted, how often they followed recommendations from advisory firms, and explain their reasoning

Community Breakdown

Pass

0%

Fail

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This bill would require certain large investment firms to disclose more information about how they vote on shareholder proposals. They would have to report how they voted, how often they followed recommendations from advisory firms, and explain their reasoning. The largest firms would also need to analyze the economic impact of certain votes to ensure they are acting in the best interests of shareholders.

Bill Number: 4648
Sponsor: Rosa L. DeLauro (D-CT)
Introduced: 7/23/2025
Status: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Mean
Policy Area: Finance and Financial Sector

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Access to Fertility Treatment and Care Act
Bill Number: 4648
Sponsor: Rosa L. DeLauro (D-CT)
Status: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Mean
Introduced: 7/23/2025
Summary: This bill would require certain large investment firms to disclose more information about how they vote on shareholder proposals. They would have to report how they voted, how often they followed recommendations from advisory firms, and explain their reasoning. The largest firms would also need to a

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would require certain large investment firms to disclose more information about how they vote on shareholder proposals. They would have to report how they voted, how often they followed recommendations from advisory firms, and explain their reasoning. The largest firms would also need to analyze the economic impact of certain votes to ensure they are acting in the best interests of shareholders.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

This bill requires certain institutional investment managers that use proxy advisory firms to disclose information related to voting on shareholder proposals. (Proxy advisory firms provide voting services and advice to institutional investors in public companies for proposals presented at shareholder meetings.)Generally, institutional investment managers must report annually (1) how the manager voted on each shareholder proposal, (2) the percentage of votes cast in accordance with proxy advisory firm recommendations, and (3) explanations such as how votes are reconciled with fiduciary duties. Managers must also certify that votes were based solely on the best economic interest of the shareholders.In addition, large institutional investment managers must (1) inform customers that shareholders are not required to vote on every proposal; (2) on certain votes, determine through an economic analysis the vote that is in the best economic interest of shareholders; and (3) report any such analysis annually.

Key Points

Main provisions of the bill

Requires institutional investment managers to disclose information on how they vote on shareholder proposals
Largest managers must analyze the economic impact of certain votes to ensure they are acting in shareholders' best interests
Aims to increase transparency and accountability in how investment firms exercise shareholder voting rights

How This Impacts Americans

Potential effects on citizens and communities

This bill would primarily affect large institutional investment firms that manage money on behalf of clients like pension funds, mutual funds, and endowments. It could lead to more public scrutiny of how these firms exercise their shareholder voting power and ensure they are prioritizing the economic interests of the investors they represent.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

4648, 119th Congress (2025). "Access to Fertility Treatment and Care Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-4648

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