Performance over Politics Act

HR 4641, the "Performance over Politics Act," revises Securities and Exchange Commission (SEC) rules to limit how often companies can exclude shareholder proposals from voting materials. It requires the SEC to change its regulations so companies can exclude proposals that address the same topic as one previously voted on, if the proposal received low support (10% or less for one vote, 20% for two votes, or 40% for three or more votes) within the past 5 years. This directly affects public companies and shareholders who submit proposals, as it makes it easier for companies to omit repeated proposals with weak voter support. The bill changes the specific criteria for excluding such proposals but does not create new requirements for shareholder voting.