Mississippi SB2676: Proxy Advisor Transparency Act; enact.

What the bill says

An act to enact the proxy advisor transparency act; to define "proxy advisor," "proxy advisory service" and additional terms used in this act; to require certain disclosures to shareholders when a proxy advisor makes a recommendation that is based or is not based on a written financial analysis; to provide that violations of this act constitute an actionable deceptive trade practice; to amend section 75-24-5, mississippi code of 1972, to conform; and for related purposes.

From the introduced text:

AN ACT TO ENACT THE PROXY ADVISOR TRANSPARENCY ACT; TO DEFINE "PROXY ADVISOR," "PROXY ADVISORY SERVICE" AND ADDITIONAL TERMS USED IN THIS ACT; TO REQUIRE CERTAIN DISCLOSURES TO SHAREHOLDERS WHEN A PROXY ADVISOR MAKES A RECOMMENDATION THAT IS BASED OR IS NOT BASED ON A WRITTEN FINANCIAL ANALYSIS; TO PROVIDE THAT VIOLATIONS OF THIS ACT CONSTITUTE AN ACTIONABLE DECEPTIVE TRADE PRACTICE; TO AMEND SECTION 75-24-5, MISSISSIPPI CODE OF 1972, TO CONFORM; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. This act shall be known and may be cited as the "Proxy Advisor Transparency Act." SECTION 2. It is the sense of the Legislature that: (a) When shareholders hire professionals to manage investments, they reasonably expect that the service provider will perform those services in the financial interest of the shareholders, and that the service provider will make recommendations based on financial analysis of which actions would enhance investment value. (b) There is a particular need for disclosures for proxy voting advice because such advice is often provided for hundreds or thousands of shareholder votes each year, and few *SS08/R1158CS* S. B. No. 2676 ~ OFFICIAL ~ G1/2 26/SS08/R1158CS PAGE investors have the resources to research every shareholder vote, so investors often use proxy advisors for guidance on how to exercise fiduciary …

Read the full official text

Sponsors

• Harkins, Josh (R, 20) · primary sponsor

Latest actions

1. March 30, 2026: Died In Conference
2. March 24, 2026: Conferees Named Aguirre,Boyd (37th),Bell (21st)
3. March 24, 2026: Conferees Named Johnson,Harkins,Suber
4. March 19, 2026: Decline to Concur/Invite Conf
5. March 6, 2026: Returned For Concurrence
6. March 5, 2026: Passed As Amended
7. March 5, 2026: Amended
8. February 26, 2026: Title Suff Do Pass As Amended
9. February 13, 2026: Referred To Banking and Financial Services
10. February 11, 2026: Transmitted To House

Votes

• Passed As Amended (March 5, 2026): 117 yea, 0 nay, passed
• Passed (February 10, 2026): 52 yea, 0 nay, passed

Common questions

What is SB2676?

SB2676 is a bill in the Mississippi Legislature (2026 Regular Session): Proxy Advisor Transparency Act; enact.

What does SB2676 do?

In its own words: An act to enact the proxy advisor transparency act; to define "proxy advisor," "proxy advisory service" and additional terms used in this act; to require certain disclosures to shareholders when a proxy advisor makes a recommendation that is based or is not based on a written financial analysis; to provide that violations of this act constitute an actionable deceptive trade practice; to amend section 75-24-5, mississippi code of 1972, to conform; and for related purposes.

What is the status of SB2676?

Failed as of March 30, 2026. Latest action: Died In Conference (March 30, 2026).

Who sponsored SB2676?

Harkins, Josh (R, 20).

Where is the official record for SB2676?

On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2676.xml