The bill, H. R. 52, titled the “Stop Woke Investing Act,” requires the Securities and Exchange Commission (SEC) to change a rule regarding shareholder proposals. It mandates that companies only need to include a limited number of proposals from shareholders in their proxy...
Simple Explanation
The new bill wants to make sure that big companies mostly focus on making money, not on other things like being nice to the environment or helping the community. It says only a few ideas from people who own company shares can be talked about, and these ideas have to be about making the company more money.