; Table of contents. Title I—Performance over Politics Sec. 101. Exclusion of certain substantially similar shareholder proposals. Title II—No Expensive, Stifling Governance Sec. 201. Exclusion of certain shareholder proposals. Title III—Exclusion of certain ESG shareholder proposals Sec. 301. Exclusion of certain ESG shareholder proposals. Title IV—Exclusions available regardless of significant social policy issue Sec. 401. Exclusions available regardless of significant social policy issue. Title V—Corporate Governance Examination Sec. 501. Study of certain issues with respect to shareholder proposals, proxy advisory firms, and the proxy process. Title VI—Registration of proxy advisory firms Sec. 601. Registration of proxy advisory firms. Title VII—Liability for certain failures to disclose material information or making of material misstatements Sec. 701. Liability for certain failures to disclose material information or making of material misstatements. Title VIII—Duties of investment advisors, asset managers, and pension funds Sec. 801. Duties of investment advisors, asset managers, and pension funds. Title IX—Protecting Americans’ Savings Sec. 901. Requirements related to proxy voting. Title X—Empowering Shareholders Sec. 1001. Proxy voting of passively managed funds. Title XI—Protecting Retail Investors’ Savings Sec. 1101. Best interest based on pecuniary factors. Sec. 1102. Study on climate change and other environmental disclosures in municipal bond market. Sec. 1103. Study on solicitation of municipal securities business. I Performance over Politics 101. Exclusion of certain substantially similar shareholder proposals The Securities and Exchange Commission shall revise the resubmission requirements in section 240.14a-8(i)(12) of title 17, Code of Federal Regulations, to provide that a shareholder proposal may be excluded by an issuer from its proxy or consent solicitation material for a meeting of the shareholders of such issuer if the shareholder proposal addresses substantially the same subject matter