Chuck Schumer actually said...

"Third, it requires boards of directors to receive a majority of the vote in uncontested elections in order to remain on the board."

"First, we require all public companies hold an advisory shareholder vote on executive compensation and obtain shareholder approval for golden parachutes."

"Thank you, Mr. Chairman. My time has expired."

"And, sixth, and finally, requires public companies to create a separate risk committee containing all independent directors to assess the risks that the company is undertaking."