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H.R. 7294 115th Congress House

Accountable Capitalism Act

Official title: To establish the obligations of certain large business entities in the United States, and for other purposes.

Introduced: December 13, 2018 Introduced by: Ben Ray Luján Democratic · New Mexico See on congress.gov
Commerce Administrative law and regulatory proceduresBusiness ethicsCivil actions and liabilityConsumer Financial Protection Bureau
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Department of CommerceElections, voting, political campaign regulationExecutive agency funding and structureFederal officialsPolitical advertisingSecurities and Exchange Commission (SEC)State and local government operationsTax administration and collection, taxpayersWages and earnings
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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
Dec 13, 2018
Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Financial Services, House Administration, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Dec 13, 2018
Introduced in House
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 Latest action December 13, 2018

Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Financial Services, House Administration, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Plain-English summary Congressional Research Service

Accountable Capitalism Act

This bill imposes various duties and limitations on companies and entities that qualify as large entities, including by: (1) imposing on such an entity a duty to create a general public benefit as articulated in its charter, (2) requiring a director of a large entity to balance the pecuniary interests of shareholders with the interests of persons materially affected by the entity, (3) restricting when officers and directors may sell certain securities related to the entity, and (4) requiring shareholder and director approval of the entity's political expenditures. The bill also establishes the Office of U.S. Corporations, which shall have various duties such as reviewing and granting charters for large entities.

 Related & companion bills 1
  • S 3348 Identical bill Accountable Capitalism Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 5
 Cosponsors 4
All 4 Democratic 4
D
Boyle, Brendan F.
Pennsylvania · Dec 13, 2018
 D
Lynch, Stephen F.
Massachusetts · Dec 13, 2018
 D
Pocan, Mark
Wisconsin · Dec 13, 2018
 D
Schakowsky, Janice D.
Illinois · Dec 13, 2018
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7294: Accountable Capitalism Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-7294/
MLA
"H.R. 7294: Accountable Capitalism Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-7294/.
Bluebook (legal)
H.R. 7294, 115th Cong. (2026), https://openamerica.io/bill/115-HR-7294/.
Markdown link
[H.R. 7294: Accountable Capitalism Act](https://openamerica.io/bill/115-HR-7294/)
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