SB 183: AN ACT relating to the regulation of proxy advisory services.

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Create new sections of KRS Chapter 367 to define terms; require proxy advisors to notify and disclose certain information to shareholders in a company doing business in Kentucky and to the company that is subject to the proxy advisory service when the proxy advisor is not acting solely in the interest of shareholders, as defined, or is providing materially different advice to shareholders regarding a proxy proposal or company proposal; declare that failure to notify or disclose required information is an unfair, false, misleading, or deceptive trade practice in violation of KRS 367.170; establish remedies including civil actions; apply to proxy advisory services provided on or after the effective date of the Act.

Sponsors

Sponsors by party (alphabetical): Republican 3

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. March 31, 2026delivered to Secretary of State (Acts Ch. 10)
2. March 31, 2026enrolled, signed by Speaker of the House
3. March 31, 2026enrolled, signed by President of the Senate
4. March 31, 2026passed 76-15
5. March 31, 2026veto overridden
6. March 31, 2026posted for consideration of Governor's veto
7. March 31, 2026taken from Rules
8. March 31, 2026to Rules (H)
9. March 31, 2026received in House
10. March 31, 2026passed 31-6
11. March 31, 2026veto overridden
12. March 31, 2026posted for passage for consideration of Governor's veto

Showing 12 most recent of 38 actions. Full history