The House Financial Services Committee today advanced Congressman Zach Nunn’s (IA-03) Protecting Americans’ Savings Act, legislation to ban the practice of “robovoting” and strengthen safeguards for Americans’ retirement savings.
Prohibit robovoting by banning automatic voting based solely on proxy advisory firm recommendations.
Occurrences
Evidence
Last Action Date Listed: April 20, 2026. Action: Mr. Nunn of Iowa introduced the following bill; which was referred to the Committee on Financial Services. Short Title: Protecting Americans’ Savings Act. The bill amends the Securities Exchange Act of 1934 to establish requirements related to proxy voting.
The House Financial Services Committee today advanced Congressman Zachary Nunn’s (IA-03) Protecting Americans’ Savings Act, legislation to ban the practice of “robovoting.” The release says the bill prohibits robovoting by banning automatic voting based solely on proxy advisory firm recommendations.
Assessments
Nunn introduced the Protecting Americans' Savings Act and the House Financial Services Committee advanced it during his current House term, so he made a concrete legislative effort toward banning robovoting. However, the evidence only shows introduction and committee advancement, not enactment into law or implementation of the promised prohibition. Because the promised policy outcome was not delivered, this should be marked never with effort credit.