- The SEC has sent a plan to the White House OMB to scrap long-standing rules (Rule 14a-8) on shareholder proxy proposals — a move that could reshape how investors influence public companies.
- Chairman Paul Atkins is pushing to shift oversight back to states, arguing current rules enable a "tyranny of the minority" and have been used heavily for social and environmental campaigns (43% of 2025 proposals were social issues).
- The agency also submitted a separate proposal to modernize proxy solicitation rules to reflect digital communication and current shareholder engagement practices.
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