A diverse group of nearly 200 organizations, including CFA, wrote to the House and Senate in support of Congressional Review Act resolutions to overturn rule amendments adopted by the Securities and Exchange Commission in the previous administration that would severely limit the ability of investors to submit proposals to be voted on at annual shareholder meetings. “These rule changes were adopted despite overwhelming investor opposition,” the letter states. “The rulemaking process clearly violated the SEC’s own guidelines for economic analysis, with the express purpose of limiting shareholders’ ability to use the shareholder proposal process to hold corporate boards and executives accountable on corporate governance and risk management. As such, the SEC’s shareholder proposal rule amendments are the perfect candidate for Congressional Review Act disapproval.” Resolutions to overturn the rule amendments have been introduced in both the House and Senate.