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H.R. 8383

U.S. House•In House Committee

Summary

H.R. 8383, the Protecting Americans’ Savings Act, was introduced in the House on Apr 20, 2026 by Rep. Zachary Nunn (R). It was referred to Financial Services, and last saw action on Apr 20, 2026: Referred to the House Committee on Financial Services.

Record

Text

H.R. 8383 has no co-sponsors and has not gone to a roll call.

hb8383/introduced-in-house.txt
119 HR 8383 IH: Protecting Americans’ Savings Act
 U.S. House of Representatives
 2026-04-20
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  2d Session  H. R. 8383  IN THE HOUSE OF REPRESENTATIVES   April 20, 2026   Mr. Nunn of Iowa  introduced the following bill; which was referred to the  Committee on Financial Services    A BILL
To amend the Securities Exchange Act of 1934 to establish certain requirements related to proxy voting, and for other purposes.
1.
Short title
This Act may be cited as the   Protecting Americans’ Savings Act  .
2.
Requirements related to proxy voting
Section 14 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78n ) is amended by adding at the end the following:
(l)
Prohibition on robovoting
(1)
In general
The Commission shall issue final rules prohibiting the use of robovoting with respect to votes related to proxy or consent solicitation materials.
(2)
Robovoting defined
In this subsection, the term  robovoting  means the practice of automatically voting in a manner consistent with the recommendations of a proxy advisory firm or on a proxy advisory firm’s electronic voting platform with the proxy advisory firm’s recommendations, in either case, without independent review and analysis.
(m)
Prohibition on outsourcing voting decisions by institutional investors
With respect to votes related to proxy or consent solicitation materials, an institutional investor may not outsource voting decisions to any person other than an investment adviser or a broker or dealer that is registered with the Commission, or is exempt from such registration, and has a fiduciary or best interest duty to the institutional investor.
(n)
No requirement To vote
No person may be required to cast votes related to proxy or consent solicitation materials, unless obligated by their fiduciary duty or Rule 206(4)–6 (17 CFR 275.206(4)–6).
 .

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2026-04-20
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

To amend the Securities Exchange Act of 1934 to establish certain requirements related to proxy voting, and for other purposes.

Sponsors

Rep. Zachary Nunn (R) sponsors H.R. 8383 alone.

Zachary Nunn

Rep. · R–IA-3 · Sponsor

Committees

H.R. 8383 went before 1 committee: Financial Services.

Financial Services
Financial Services
Referred To · Apr 20, 2026 · 559 Bills

Actions

H.R. 8383 has taken 2 actions since Apr 20, 2026.

ChamberAction
Apr 20, 2026
House
Introduced in House
Apr 20, 2026
House
Referred to the House Committee on Financial Services.Financial Services Committee

Votes

H.R. 8383 has not gone to a roll call.

1 bill is related to H.R. 8383.

Titles

H.R. 8383 goes by 3 titles, 1 of them short titles.

  • Protecting Americans’ Savings Act — Display Title
  • To amend the Securities Exchange Act of 1934 to establish certain requirements related to proxy voting, and for other purposes. — Official Title as Introduced
  • Protecting Americans’ Savings Act — Short Title(s) as Introduced

Classification

The Congressional Research Service files H.R. 8383 under Finance and Financial Sector, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 8383’s is Finance and Financial Sector.

hr8383/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 8383, as entered in the Congressional Record.

[Congressional Record Volume 172, Number 69 (Monday, April 20, 2026)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. NUNN of Iowa:H.R. 8383.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the United States ConstitutionTo make all Laws which shall be necessary and proper forcarrying into Execution the foregoing Powers, and all otherPowers vested by this Constitution in the Government of theUnited States, or in any Department or Officer thereof.[Page H2996]

Source: congress.gov · legiscan.com