Since 2011, investors have filed over 600 shareholder proposals asking for lobbying disclosure reports that include federal and state lobbying amounts, payments to trade associations and social welfare groups used for lobbying, and payments to tax-exempt organizations that write and endorse model legislation. The proposal has been voted on at nearly 400 companies, produced more than 125 settlements for improved disclosure, and notched 13 majorities, including Exxon and McDonald’s.