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Read. Follow. Verify.Wyoming Bill HB 175 Requires Proxy Advisors to Disclose Financial Analysis Basis for Voting Recommendations
Last action · February 13, 2026: H Did not Consider for IntroductionSponsor: Scott Smith
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What This Bill Proposed
s in Wyoming must disclose to shareholders and company boards whether their voting recommendations opposing company management are backed by a , effective July 1, 2026. Violations are classified as unlawful deceptive trade practices under state consumer protection laws, and the secretary of state is authorized to discipline registered investment advisers.
y firms face new legal liabilities, civil lawsuit risks, and website disclosure mandates when issuing voting advice to shareholders and company boards in Wyoming.
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
proxy advisors
Proxy advisors must provide specific disclosures to shareholders and company boards, publish notices on their website home pages, make financial analyses available upon request, and face potential civil lawsuits and secretary of state discipline for noncompliance.
shareholders
Shareholders receive mandatory disclosures regarding whether proxy recommendations are based on written financial analyses and gain the ability to bring civil causes of action against noncompliant advisors.
boards of directors
Boards of directors receive direct disclosures when proxy advisory services provide research or voting recommendations regarding company or proxy proposals.
registered investment advisers
Registered investment advisers are subject to disciplinary action by the secretary of state if they violate the proxy disclosure requirements.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What must proxy advisors disclose under this bill?
What happens if a proxy advisor violates these disclosure rules?
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News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died at adjournment · introduced in the House.
Procedural history
3 actions- Feb 13, 2026HouseH Did not Consider for Introduction
- Feb 11, 2026Bill Number Assigned
- Feb 11, 2026HouseH Received for Introduction
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Connected Entities
Sources
www.wyoleg.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 65)
- Controversy75Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz30Current news / social attention level
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