Stop Woke Investing Act

# Stop Woke Investing Act Summary **What the bill would do:** This bill would change the rules for shareholder proposals at public companies. Currently, shareholders can submit proposals on various topics—including social and environmental issues—and companies must include them in proxy statements (voting materials sent to shareholders before company meetings). The Stop Woke Investing Act would require proposals to have a direct, material effect on a company's financial performance to be included. It would also cap the total number of proposals allowed and prohibit board members from submitting shareholder proposals. **Who it affects:** The bill primarily impacts shareholders, public companies, and investors.

Shareholders would have fewer options to raise social and environmental concerns through company voting processes. Large institutional investors and activist groups that currently use shareholder proposals to push for changes on issues like environmental practices or diversity initiatives would face new restrictions. **Current status:** The bill is currently in committee (as of the 119th Congress), meaning it has been introduced but has not yet advanced to a full vote in the House of Representatives. It would need to pass both the House and Senate, and be signed by the President, to become law.