{"database": "press", "table": "releases", "rows": [["https://fitzgerald.house.gov/media/press-releases/rep-fitzgeralds-performance-over-politics-bill-passes-house", "Rep. Fitzgerald\u2019s Performance Over Politics Bill Passes in House", "2024-09-19", "2024", "2024-09", "Republican", "House", "WI", "Scott Fitzgerald", "F000471", "fitzgerald.house.gov", "fitzgerald", "https://fitzgerald.house.gov/media/press-releases", "scraper", "WASHINGTON, DC \u2013 Today, Congressman Scott Fitzgerald (WI-05) issued the following statement after his bill, the Performance Over Politics Act, was passed on the House floor.\n\n\u201cWhile shareholder engagement remains an important aspect of corporate governance, the consideration of shareholder proposals that deviate from the company\u2019s strategic direction or long-term goals has transformed boardrooms into partisan platforms where political agendas overshadow sound financial management,\u201d said Rep. Fitzgerald. \u201cIn an effort to curb the growing politicization of shareholder meetings, I was pleased to see my legislation\u2014Performance Over Politics Act\u2014pass as part of the Prioritizing Economic Growth Over Woke Policies Act on the House floor today. My bill works in unison with the larger legislative package to counter the political ESG movement and strengthen our financial system.\u201d\n\nThe Performance over Politics Act permits issuers to set aside for three years resubmission of shareholder proposals that are substantially similar to proposals that received less than 10% of the vote once in the previous five years, received less than 20% twice in the previous five years, or received less than 40% three times in the previous five years. A 2009 study noted that costs directly incurred by companies due to such proposals were estimated at $87,000 per proposal, totaling $90 million annually. The goal of the bill is to respect the decisions of the majority of shareholders and encourage more rather than less public companies - and get politics out of the boardroom.\n\nThis bill was passed as a part of H.R. 4790, the Prioritizing Economic Growth Over Woke Policies Act.\n\n###", 1, "2026-03-30T01:40:41Z", "2026-04-07T21:43:57Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://fitzgerald.house.gov/media/press-releases/rep-fitzgeralds-performance-over-politics-bill-passes-house"], "units": {}, "query_ms": 1.716948114335537, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}