Senators Reed and Tillis introduce the Corporate Governance Fairness Act to enhance investor protection and regulate proxy advisory firms.
Quiver AI Summary
Bipartisan legislation introduced: U.S. Senators Jack Reed (D-RI) and Thom Tillis (R-NC) have proposed the Corporate Governance Fairness Act. This bipartisan bill aims to enhance investor protection, reinforce corporate governance, and ensure accountability among proxy advisory firms by requiring their oversight under the Investment Advisers Act.
Key provisions outlined: The bill mandates that major proxy advisory firms register as investment advisers, thereby establishing a fiduciary duty to investors. Additionally, it requires the SEC to periodically review these firms' conflict of interest policies and to consult stakeholders for ongoing investor protection recommendations.
Statements from the senators: Senator Reed emphasized the importance of transparency and regulation, stating, “Given the importance that investors have placed on continued access to proxy advisory firms...,” while Senator Tillis added, “Investors deserve confidence that the advice they receive from proxy advisory firms is accurate and free from conflicts of interest.”
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Jack Reed Net Worth
Quiver Quantitative estimates that Jack Reed is worth $334.1K, as of October 30th, 2025. This is the 426th highest net worth in Congress, per our live estimates.
Reed has approximately $277.6K invested in publicly traded assets which Quiver is able to track live.
You can track Jack Reed's net worth on Quiver Quantitative's politician page for Reed.
Jack Reed Bill Proposals
Here are some bills which have recently been proposed by Jack Reed:
- S.3055: Corporate Governance Fairness Act
- S.2920: Stronger Enforcement of Civil Penalties Act of 2025
- S.2919: PCAOB Enforcement Transparency Act of 2025
- S.2338: Strengthening Local Food Security Act of 2025
- S.1904: Ending Taxpayer Support for Big Egg Producers Act
- S.1903: A bill to prohibit changes to Medicare and Medicaid in reconciliation.
You can track bills proposed by Jack Reed on Quiver Quantitative's politician page for Reed.
Jack Reed Fundraising
Jack Reed recently disclosed $441.8K of fundraising in a Q3 FEC disclosure filed on October 15th, 2025. This was the 189th most from all Q3 reports we have seen this year. 45.4% came from individual donors.
Reed disclosed $139.6K of spending. This was the 441st most from all Q3 reports we have seen from politicians so far this year.
Reed disclosed $2.9M of cash on hand at the end of the filing period. This was the 112th most from all Q3 reports we have seen this year.
You can see the disclosure here, or track Jack Reed's fundraising on Quiver Quantitative.
