In conjunction with the release of the Secretary’s statement, the Treasury has also issued a Fact Sheet on its proposal for say-on-pay legislation.
Document Excerpt
Today, the Administration is calling for “say-on-pay” legislation, long supported by President Obama, that would giive the SEC the authority to require non-binding annual say-on-pay votes for all public companies.
Link http://www.treas.gov/press/releases/reports/fact_sheet_say%20on%20pay.pdf