South Carolina · 2025-2026 Regular Session · Bill
H 4985: Proxy Advisory Transparency Act
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
H 4985 is a bill introduced in the South Carolina House on January 20, 2026. According to its official title, it concerns: Proxy Advisory Transparency Act. Primary sponsor: Brandon Newton (Republican), Mark Smith (Republican). Most recent recorded action (February 11, 2026): Member(s) request name added as sponsor: M.M.Smith.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "PROXY ADVISOR TRANSPARENCY ACT" BY ADDING ARTICLE 9 TO CHAPTER 5, TITLE 39 SO AS TO REQUIRE PROXY ADVISORS TO ISSUE SPECIFIED DISCLOSURES WHEN MAKING CERTAIN RECOMMENDATIONS WITHOUT RELYING ON A WRITTEN FINANCIAL ANALYSIS; AND TO PROVIDE THAT A VIOLATION OF THIS ARTICLE IS A DECEPTIVE TRADE PRACTICE SUBJECT TO THE INVESTIGATORY AND ENFORCEMENT POWERS OF THE ATTORNEY GENERAL, AS WELL AS A PRIVATE RIGHT OF ACTION BY ANY AGGRIEVED PERSON.
Sponsors
Sponsors by party (alphabetical): Republican 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Brandon Newton | Primary sponsor | Republican | House | 45 |
| Mark Smith | Primary sponsor | Republican | House | 99 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Member(s) request name added as sponsor: M.M.Smith
- Referred to Committee on Labor, Commerce and Industry
- Introduced and read first time