Protecting Americans’ Retirement Savings From Politics Act

This bill changes the rules for public companies and how shareholder voting works. Public companies would only have to share information required by the Securities and Exchange Commission if the company decides that information is important to people making voting or investment decisions about the company's stock. The bill also bans automated voting in certain shareholder votes, requires firms that give voting advice to register with the SEC and file yearly reports, and allows people to sue those firms for leaving out important information or making false statements. Additionally, index funds and similar funds that vote on behalf of their investors in non-routine votes must either follow the investor's instructions, vote the way the company's board recommends, not vote at all, or match how other shareholders voted.

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