LB 728 Legislature · 109th Legislature (2025-2026)

Require proxy advisors for companies to disclose whether a financial analysis was used for proxy services

This bill requires proxy advisors (firms that provide voting recommendations to shareholders) to disclose if they made a recommendation against company management without using a written financial analysis. Specifically, if an advisor recommends voting against company proposals (like board elections or executive pay) without analyzing the financial impact, they must clearly state this to both shareholders and the company's board. The disclosure must explain that the recommendation wasn't based on a document analyzing short/long-term financial benefits, shareholder value conclusions, or methodology. This applies to all proxy advisory services provided to Nebraska-based companies or shareholders.
Bill status died 1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 7, 2026 Last action Apr 17, 2026
Floor votes

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Full legislative history

Actions timeline

Total actions
5
Key actions
0
Committee
2
Apr 17, 2026
Committee
Indefinitely postponed
legislature
Jan 9, 2026
Committee
Referred to Banking, Commerce and Insurance Committee
legislature
Jan 7, 2026
Introduced
Date of introduction
legislature
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Kathleen Kauth
Kathleen Kauth
NNonpartisan
NE
31