You *Say* You Want a Revolution.

On Sunday, the Wall Street Journal published an overview of Charles Schumer's proposed corporate governance bill. The draft, which the reporters saw but Schumer did not release, focuses on increasing the power of shareholders. The alleged bill hasn't yet been introduced. The article also suggests that Barney Frank may be writing a competing bill, but based on this interview in Barron's (via Compliance Ex) his focus seems to be more on reform of regulatory agencies.