Fabio
103 lines
6.6 KiB
Markdown
103 lines
6.6 KiB
Markdown
---
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type: "Bill"
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title: "AN ACT relating to the regulation of proxy advisory services."
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description: "Create new sections of KRS Chapter 367 to define terms; require proxy advisors to notify and disclose certain information to shareholders in a company doing business in Kentucky and to the company that is subject to the proxy advisory service when the proxy advisor is not acting solely in the interest of shareholders, as defined, or is providing materially different advice to shareholders regarding a proxy proposal or company proposal; declare that failure to notify or disclose required information is an unfair, false, misleading, or deceptive trade practice in violation of KRS 367.170; establish remedies including civil actions; apply to proxy advisory services provided on or after the effective date of the Act."
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jurisdiction: "us/states/ky"
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legislature: "Kentucky General Assembly"
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session: "2026RS"
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identifier: "SB 183"
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citation: "Kentucky SB 183 (2026RS)"
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classification: ["bill"]
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subjects: ["Attorney General", "Business Entities And Organizations", "Civil Actions", "Commerce", "Consumer Protection", "Fiduciaries", "Financial Responsibility", "Investments", "Retirement And Pensions"]
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status: "enacted"
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primary_sponsors: ["M. Nunn", "R. Mills", "S. Rawlings"]
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version_count: 3
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action_count: 38
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vote_count: 5
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first_action: "2026-01-29T05:00:00+00:00"
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last_action: "2026-03-31T04:00:00+00:00"
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source: "openstates"
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source_identifier: "ocd-bill/3710a3de-b47d-4265-b9f3-fc755c8fb2f1"
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source_url: "https://apps.legislature.ky.gov/record/26RS/sb183.html"
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source_hash: "b91cfadaaedf78bf8e57aca71e036851bc32e8d2aac99c0ae1e97525a5aabbd4"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ky"]
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---
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# Kentucky SB 183 (2026RS) — AN ACT relating to the regulation of proxy advisory services.
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Create new sections of KRS Chapter 367 to define terms; require proxy advisors to notify and disclose certain information to shareholders in a company doing business in Kentucky and to the company that is subject to the proxy advisory service when the proxy advisor is not acting solely in the interest of shareholders, as defined, or is providing materially different advice to shareholders regarding a proxy proposal or company proposal; declare that failure to notify or disclose required information is an unfair, false, misleading, or deceptive trade practice in violation of KRS 367.170; establish remedies including civil actions; apply to proxy advisory services provided on or after the effective date of the Act.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](https://apps.legislature.ky.gov/recorddocuments/bill/26RS/sb183/orig_bill.pdf)
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2. **Acts Chapter 10** (committee substitute) — [source](https://apps.legislature.ky.gov/law/acts/26RS/documents/0010.pdf)
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3. **Current/Final** (committee substitute) — [source](https://apps.legislature.ky.gov/recorddocuments/bill/26RS/sb183/bill.pdf)
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## Votes
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- FINAL PASSAGE OF SB 183 w/ HCS 1 — **31–6** (pass) · upper
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- OVERRIDE VETO FINAL PASSAGE SB 183 — **31–6** (pass) · upper
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- PASS SB 183 — **32–6** (pass) · upper
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- Pass — **81–6** (pass) · upper
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- Final Passage — **76–15** (pass) · upper
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## Sponsors
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- M. Nunn — primary (person)
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- R. Mills — primary (person)
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- S. Rawlings — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2026-01-29T05:00:00+00:00** introduced in Senate `introduction`
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- **2026-01-29T05:00:00+00:00** to Committee on Committees (S) `referral-committee`
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- **2026-02-04T05:00:00+00:00** to Economic Development, Tourism, & Labor (S) `referral-committee`
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- **2026-02-05T05:00:00+00:00** reported favorably, 1st reading, to Calendar `committee-passage`
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- **2026-02-06T05:00:00+00:00** 2nd reading, to Rules `reading-2`
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- **2026-02-06T05:00:00+00:00** posted for passage in the Regular Orders of the Day for Tuesday, February 10 2026
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- **2026-02-10T05:00:00+00:00** 3rd reading, passed 32-6 `passage, reading-3`
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- **2026-02-11T05:00:00+00:00** received in House
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- **2026-02-11T05:00:00+00:00** to Committee on Committees (H) `referral-committee`
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- **2026-03-09T04:00:00+00:00** to Banking & Insurance (H) `referral-committee`
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- **2026-03-11T04:00:00+00:00** reported favorably, 1st reading, to Calendar with Committee Substitute (1) `committee-passage`
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- **2026-03-12T04:00:00+00:00** 2nd reading, to Rules `reading-2`
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- **2026-03-12T04:00:00+00:00** posted for passage in the Regular Orders of the Day for Friday, March 13 2026
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- **2026-03-13T04:00:00+00:00** 3rd reading, passed 81-6 with Committee Substitute (1) `passage, reading-3`
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- **2026-03-16T04:00:00+00:00** received in Senate
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- **2026-03-16T04:00:00+00:00** to Rules (S) `referral-committee`
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- **2026-03-17T04:00:00+00:00** taken from Rules
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- **2026-03-17T04:00:00+00:00** posted for passage for concurrence in House Committee Substitute
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- **2026-03-17T04:00:00+00:00** Senate concurred in House Committee Substitute (1)
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- **2026-03-17T04:00:00+00:00** passed 31-6 `passage`
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- **2026-03-17T04:00:00+00:00** enrolled, signed by President of the Senate `passage`
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- **2026-03-17T04:00:00+00:00** enrolled, signed by Speaker of the House `passage`
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- **2026-03-17T04:00:00+00:00** delivered to Governor
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- **2026-03-27T04:00:00+00:00** Vetoed `executive-veto`
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- **2026-03-31T04:00:00+00:00** received in Senate
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- **2026-03-31T04:00:00+00:00** to Rules (S) `referral-committee`
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- **2026-03-31T04:00:00+00:00** posted for passage for consideration of Governor's veto
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- **2026-03-31T04:00:00+00:00** veto overridden `veto-override-passage`
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- **2026-03-31T04:00:00+00:00** passed 31-6 `passage`
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- **2026-03-31T04:00:00+00:00** received in House
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- **2026-03-31T04:00:00+00:00** to Rules (H) `referral-committee`
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- **2026-03-31T04:00:00+00:00** taken from Rules
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- **2026-03-31T04:00:00+00:00** posted for consideration of Governor's veto
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- **2026-03-31T04:00:00+00:00** veto overridden `veto-override-passage`
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- **2026-03-31T04:00:00+00:00** passed 76-15 `passage`
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- **2026-03-31T04:00:00+00:00** enrolled, signed by President of the Senate `passage`
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- **2026-03-31T04:00:00+00:00** enrolled, signed by Speaker of the House `passage`
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- **2026-03-31T04:00:00+00:00** delivered to Secretary of State (Acts Ch. 10) `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/3710a3de-b47d-4265-b9f3-fc755c8fb2f1`. Confidence: reported (aggregated from official Kentucky legislature records).
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