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S. 3348 115th Congress Senate

Accountable Capitalism Act

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

Introduced: August 15, 2018 Introduced by: Elizabeth Warren Democratic · Massachusetts See on congress.gov
Commerce Administrative law and regulatory proceduresBusiness ethicsCivil actions and liabilityCorporate finance and management
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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
Aug 15, 2018
Read twice and referred to the Committee on Commerce, Science, and Transportation.
Aug 15, 2018
Introduced in Senate
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 Latest action August 15, 2018

Read twice and referred to the Committee on Commerce, Science, and Transportation.

 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
  • HR 7294 Identical bill Accountable Capitalism Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 3348: Accountable Capitalism Act. 115th Congress. Open America. https://openamerica.io/bill/115-S-3348/
MLA
"S. 3348: Accountable Capitalism Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-3348/.
Bluebook (legal)
S. 3348, 115th Cong. (2026), https://openamerica.io/bill/115-S-3348/.
Markdown link
[S. 3348: Accountable Capitalism Act](https://openamerica.io/bill/115-S-3348/)
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