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The Stop Woke Investing Act requires the Securities and Exchange Commission to amend its shareholder proposal rules within 180 days. The bill limits the number of shareholder proposals that must be included in corporate proxy statements based on company size (2 for small companies, 4 for mid-size, and 7 for large companies), and requires that proposals have a material effect on financial performance to be included. The bill defines "material" to exclude proposals primarily focused on nonpecuniary, environmental, social, political, or ideological goals, or systemic risks with high uncertainty.
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