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SB183Introduced in the Senate

AN ACT relating to the regulation of proxy advisory services.

Passed

Introduced by Matt Nunn, District 17

What does this bill do?

Plain-English breakdown

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Official description

Create new sections of KRS Chapter 367 to define terms; require proxy advisors to notify and disclose certain information to shareholders in a company doing business in Kentucky and to the company that is subject to the proxy advisory service when the proxy advisor is not acting solely in the interest of shareholders, as defined, or is providing materially different advice to shareholders regarding a proxy proposal or company proposal; declare that failure to notify or disclose required information is an unfair, false, misleading, or deceptive trade practice in violation of KRS 367.170; establish remedies including civil actions; apply to proxy advisory services provided on or after the effective date of the Act.

Where it stands

delivered to Secretary of State (Acts Ch. 10)

March 31, 2026

How did lawmakers vote?

House votes

2 recorded votes · each counted separately

Senate votes

3 recorded votes · each counted separately

HouseStage: House: Veto Override RCS# 388 · March 31, 2026

76

Yes

15

No

9

Absent or Not Voting

100 representatives recorded in this House vote. Colors show vote categories only, not whether a vote was good or bad.

See how each representative voted

Bill history

  1. introduced in Senate

  2. to Committee on Committees (S)

  3. to Economic Development, Tourism, & Labor (S)

  4. reported favorably, 1st reading, to Calendar

  5. 2nd reading, to Rules

  6. posted for passage in the Regular Orders of the Day for Tuesday, February 10 2026

  7. 3rd reading, passed 32-6

  8. received in House

  9. to Committee on Committees (H)

  10. to Banking & Insurance (H)

  11. reported favorably, 1st reading, to Calendar with Committee Substitute (1)

  12. 2nd reading, to Rules

  13. posted for passage in the Regular Orders of the Day for Friday, March 13 2026

  14. 3rd reading, passed 81-6 with Committee Substitute (1)

  15. received in Senate

  16. to Rules (S)

  17. taken from Rules

  18. posted for passage for concurrence in House Committee Substitute

  19. Senate concurred in House Committee Substitute (1)

  20. passed 31-6

  21. enrolled, signed by President of the Senate

  22. enrolled, signed by Speaker of the House

  23. delivered to Governor

  24. Vetoed

  25. received in Senate

  26. to Rules (S)

  27. posted for passage for consideration of Governor's veto

  28. veto overridden

  29. passed 31-6

  30. received in House

  31. to Rules (H)

  32. taken from Rules

  33. posted for consideration of Governor's veto

  34. veto overridden

  35. passed 76-15

  36. enrolled, signed by President of the Senate

  37. enrolled, signed by Speaker of the House

  38. delivered to Secretary of State (Acts Ch. 10)

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