Section 1. Short title
This Act may be cited as the Rejecting Extremist Shareholder Proposals that Inhibit and Thwart Enterprise for Businesses Act or the RESPITE for Businesses Act.
Section 2. Exclusions available regardless of significant social policy issue
An issuer may exclude a shareholder proposal pursuant to section 240.14a–8(i) of title 17, Code of Federal Regulations, or any successor regulation, without regard to whether that shareholder proposal relates to a significant social policy issue.