Introduced January 29, 2026
SB183
Log in to followAN ACT relating to the regulation of proxy advisory services.
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…
In effect since July 15, 2026
Acts from the 2026 Regular Session that don't carry an emergency clause or set their own effective date took effect 90 days after the session adjourned (Ky. Constitution § 55).
Plain-language summary
This bill sets rules for proxy advisors, which are companies that give voting recommendations to shareholders when businesses hold votes on major decisions. It requires these advisors to disclose when they may not be acting solely in shareholders' interests or when they are giving different advice to different shareholders about the same proposal. Failing to make these disclosures would be treated as a deceptive trade practice under Kentucky consumer protection law, and affected parties could…
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Legislative History
Primary Sponsor
Matt Nunn
Senator · Senate District 17
Co-sponsors (2)
Robert Mills
Senator · Senate District 04
Steve Rawlings
Senator · Senate District 11
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