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HR 1116 113th Congress House

End the Hijacking of Shareholder Funds Act

Official title: To require the approval of a majority of a public company's shareholders for any expenditure by that company to influence public opinion on matters not related to the company's products or services.

Introduced: March 13, 2013 See on congress.gov
Finance and Financial Sector
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 13, 2013
Referred to the House Committee on Financial Services.
Mar 13, 2013
Introduced in House
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 Latest action March 13, 2013

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

End the Hijacking of Shareholder Funds Act - Deems expenditure to influence public opinion by the officers and directors of a public company on matters not related to company products or services to be a breach of fiduciary duty if such expenditure has not been approved by a prior majority shareholder vote.

Subjects such officers and directors to joint and several liability to any shareholder or class of shareholders for the amount of such an expenditure.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 1116: End the Hijacking of Shareholder Funds Act. 113th Congress. Open America. https://openamerica.io/bill/113-HR-1116/
MLA
"H.R. 1116: End the Hijacking of Shareholder Funds Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-1116/.
Bluebook (legal)
H.R. 1116, 113th Cong. (2026), https://openamerica.io/bill/113-HR-1116/.
Markdown link
[H.R. 1116: End the Hijacking of Shareholder Funds Act](https://openamerica.io/bill/113-HR-1116/)
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