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SB375: Enacting the proxy advisor transparency act, requiring proxy advisors to make certain disclosures when recommending an action against company management, authorizing the attorney general to investigate and take enforcement actions against violators and establishing a private right of action for a declaratory judgment or injunctive relief.

Passed BothSenate
Introduced
In Committee
Passed Chamber
Passed Both
Signed

Plain-Language Summary

This bill requires proxy advisors to be more transparent when recommending actions against company management. It also gives the Attorney General the power to investigate and take action if these advisors don't comply.

Who This Affects

Kansas investors who rely on proxy advisors for information about companies they're considering investing in will be affected by this bill. This includes individual investors, pension funds, and other organizations that invest in Kansas-based businesses.

Key Provisions

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Timeline

Introduced

Wednesday, January 21, 2026

Last Action

House Motion to override veto prevailed; Yea: 87 Nay: 36

Apr 8, 2026

Sponsors

No sponsors listed.

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