The Corporate Governance Fairness Act would make proxy advisory firms register with the SEC as investment advisers, subjecting them to regular inspections and conflict-of-interest rules. Small firms under $5 million in revenue are exempt. The SEC must report to Congress on whether these protections are working.
Modern Action explains what the legislation does, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.
Corporate Governance Fairness Act is a Senate bill in committee. The latest recorded action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S7731-7732).
Latest action on S. 3055: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S7731-7732)
Who this affects: This bill directly impacts proxy advisory firms like ISS and Glass Lewis, which advise institutional investors on how to vote their shares. It also affects the pension funds, mutual funds, and asset managers that rely on this advice to make voting decisions. Publicly traded companies whose governance decisions are influenced by proxy recommendations could see changes in how that advice is produced and vetted.
Why this matters: Proxy advisory firms have enormous influence over how trillions of dollars in shares get voted at corporate meetings, yet they currently operate without the same oversight as other financial advisers. This bill would bring them under a clear federal regulatory framework, potentially improving the accuracy and reliability of the advice investors receive. However, critics worry the added costs could reduce competition and that government oversight could influence the independence of proxy recommendations.
You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.
Officially: Corporate Governance Fairness Act
The Corporate Governance Fairness Act would make proxy advisory firms register with the SEC as investment advisers, subjecting them to regular inspections and conflict-of-interest rules. Small firms under $5 million in revenue are exempt. The SEC must report to Congress on whether these protections are working.
Use this page to support, oppose, or ask Congress to amend S3055. Modern Action explains what the bill does, helps identify the right senators or representative, and drafts a bill-specific message you can edit and send.
Where it stands
Sitting in Banking
No vote scheduled. Constituent contact is what moves bills out of committee.
↓ Why your message matters here
This bill is sitting in committee with no scheduled vote — which means a small number of constituent messages can decide whether it moves forward or quietly dies.
Enter your ZIP to see how your senators and member of Congress have voted, sponsored, or spoken on this bill.
The debate
Where this bill is in the process
Introduced
Introduced in Senate
Senate Committee
Under Senate committee consideration
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S7731-7732) (10/23/2025)
Senate Floor Vote
Voted on by Senate
Passed Senate
Approved by Senate
House Review
Sent to House for consideration
Passed Both Chambers
Approved by both House and Senate
Signed into Law
Signed by the President
For more detail
Choose one clear position: support, oppose, or amend. Then pick any reasons or personal context you want included. Modern Action uses that input and the bill context to draft a message you can edit and send.
Congressional offices prioritize messages from their own constituents. Modern Action uses your address to route the drafted message to your senators when that is the most relevant target for this bill.
The draft includes the bill number, your position, the reasons you selected, any personal context you added, and a direct ask such as voting yes, voting no, cosponsoring, opposing, or seeking changes. You stay in control because you can edit the message before sending.
This page gives you an opportunity to support, oppose, or ask for changes to Corporate Governance Fairness Act, then contact the elected officials who can act. Modern Action drafts the message from your position and the reasons you select.
Modern Action keeps the action tied to the bill itself: what it does, where it is in the process (committee), which office can still act, and what ask belongs in the message.
You are not starting from a blank form. Modern Action drafts the message around S3055, your stance, and the reasons you choose, then lets you edit and send when ready.
