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Shareholder Protection Act of 2017

Introduced: January 9, 2017 See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
Jan 9, 2017
Referred to the House Committee on Financial Services.
Jan 9, 2017
Introduced in House
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 Plain-English summary Congressional Research Service

Shareholder Protection Act of 2017

This bill amends the Securities Exchange Act of 1934 to require shareholder authorization with respect to certain political expenditures by an issuer.

A violation of this requirement shall be considered a breach of fiduciary duty, and the officers and directors who authorized the expenditure shall be subject to joint and several liability.

The Securities and Exchange Commission must direct the national securities exchanges and associations to prohibit the listing of any equity security of an issuer whose corporate bylaws do not require a board vote with respect to political expenditures in excess of $50,000. An issuer must, within 48 hours, make publicly available the individual votes of each board member with respect to such expenditures.

The bill establishes various reporting requirements.

What's happening now January 9, 2017

Referred to the House Committee on Financial Services.

 Related & companion bills 2
  • HR 5670 Related bill Corporate Political Disclosure Act of 2018
  • S 1726 Related bill Shareholder Protection Act of 2017
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 21
All 21 Democratic 21
D
Pocan, Mark
Wisconsin · Feb 28, 2017
 D
Cohen, Steve
Tennessee · Feb 2, 2017
 D
Gallego, Ruben
Arizona · Feb 2, 2017
 D
Kelly, Robin L.
Illinois · Feb 2, 2017
 D
Meng, Grace
New York · Feb 2, 2017
 D
Nadler, Jerrold
New York · Feb 2, 2017
 D
Soto, Darren
Florida · Feb 2, 2017
 D
Welch, Peter
Vermont · Feb 2, 2017
 D
Clark, Katherine M.
Massachusetts · Jan 20, 2017
 D
DeSaulnier, Mark
California · Jan 20, 2017
 D
Boyle, Brendan F.
Pennsylvania · Jan 9, 2017
 D
Castor, Kathy
Florida · Jan 9, 2017
 D
Keating, William R.
Massachusetts · Jan 9, 2017
 D
Lofgren, Zoe
California · Jan 9, 2017
 D
McGovern, James P.
Massachusetts · Jan 9, 2017
 D
Moore, Gwen
Wisconsin · Jan 9, 2017
 D
Norton, Eleanor Holmes
District of Columbia · Jan 9, 2017
 D
Pingree, Chellie
Maine · Jan 9, 2017
 D
Quigley, Mike
Illinois · Jan 9, 2017
 D
Schakowsky, Janice D.
Illinois · Jan 9, 2017
 D
Titus, Dina
Nevada · Jan 9, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 376: Shareholder Protection Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-376/
MLA
"H.R. 376: Shareholder Protection Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-376/.
Bluebook (legal)
H.R. 376, 115th Cong. (2026), https://openamerica.io/bill/115-HR-376/.
Markdown link
[H.R. 376: Shareholder Protection Act of 2017](https://openamerica.io/bill/115-HR-376/)
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