Rep. Gregory W. Meeks Reintroduces Three Capital Market Bills

WASHINGTON, D.C. – Today, Congressman Gregory W. Meeks (NY-05) reintroduced three pieces of legislation aimed to further capital formation and provide additional transparency and opportunities for investors. 

“I’m proud to reintroduce three bills today that strengthen transparency, empower investors, and support smart, inclusive growth in our capital markets,” Rep. Meeks said. “From closing loopholes in multi-class share disclosures to giving all issuers the ability to responsibly explore public offerings, and protecting the integrity of investment vehicles relied on by everyday Americans, these bills are focused on ensuring that our financial system works for everyone—not just the well-connected. Each of these measures reflects thoughtful, bipartisan collaboration and a shared commitment to expanding opportunity, enhancing market fairness, and helping families across the country build long-term financial security. I look forward to working with my colleagues to advance this important legislation.”

H.R. 3357Enhancing Multi-Class Share Disclosures Act would close documented gaps in transparency around multi-class governance structures for the benefit of traditional investors.  Multi-class governance structures allow corporate insiders or beneficial owners to hold an outsized amount of voting power relative to their shares. This could limit other investors' abilities to influence management, direct strategy, and hold misaligned boards accountable. Under current rules, the difference between a corporate insider’s voting power and their ownership interest – regardless of how large that gap may be – is either not fully disclosed or lacks clarity. This commonsense legislation makes sure that investors have the clearest information available to make the best possible decisions. 

H.R. 3381 Encouraging Public Offerings Act of 2025 co-led by Rep. Meeks (D-NY) and Rep. Ann Wagner (R-MO). The bipartisan legislation ensures that all issuers can test the waters on going public in order to gauge interest and feasibility before committing to a public offering.

Lastly, H.R. 3383Increasing Investor Opportunities Act is another bipartisan measure led by Reps. Meeks and Wagner. This bill addresses two issues facing Closed-End Funds (CEFs) which are investments for many individual retail investors with long-term saving goals including Americans saving for retirement. CEFs face two major challenges in today’s marketplace: threats from hostile activist investors looking to wage takeover campaigns, and limitations on their investments into private funds. The legislation would protect CEFs by restricting the amount of CEF shares that hostile activist investors and their affiliates can acquire to no more than 10% and remove informal SEC guidance that limits the ability of CEFs to invest in private funds to no more than 15% of its net assets. 

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