House Appropriations Bill Seeks To Hamstring SEC On Significant Proposals And Rules

You might think Congress would be too busy these days—what with a pandemic raging across the U.S., looming economic catastrophe and spiraling unemployment—to worry about the resubmission thresholds for shareholder proposals, but nope, they're all over it. In the latest version of the appropriations bill passed in the House, known as the ''Defense, Commerce, Justice, Science, Energy and Water Development, Financial Services and General Government, Homeland Security, Labor, Health and Human Services, Education, Transportation, Housing, and Urban Development Appropriations Act, 2021'' for short, the bill authorizes funding for the SEC, while at the same time, putting the kibosh on various items on the SEC's Spring RegFlex agenda (see this PubCo post)—and even on regulations that have already been adopted. But whether these provisions survive or are jettisoned in the Senate is another question.