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HR 4491 116th Congress House Finance and Financial Sector Administrative law and regulatory procedures Civil actions and liability Congressional oversight Corporate finance and management Elections, voting, political campaign regulation Financial services and investments Government information and archives Government studies and investigations Securities Securities and Exchange Commission (SEC)

Shareholder Protection Act

Introduced: September 25, 2019 See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Sep 25, 2019
Referred to the House Committee on Financial Services.
Sep 25, 2019
Introduced in House
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 Plain-English summary Congressional Research Service

Shareholder Protection Act

This bill requires shareholder authorization of 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. An issuer must require a board vote with respect to political expenditures in excess of $50,000 and, within 48 hours, make publicly available the individual votes of each board member.

What's happening now September 25, 2019

Referred to the House Committee on Financial Services.

 Related & companion bills 2
  • HR 5929 Related bill Shareholder Political Transparency Act of 2020
  • S 1630 Related bill Shareholder Protection Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Cleaver, Emanuel
Missouri · Sep 25, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4491: Shareholder Protection Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-4491/
MLA
"H.R. 4491: Shareholder Protection Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-4491/.
Bluebook (legal)
H.R. 4491, 116th Cong. (2026), https://openamerica.io/bill/116-HR-4491/.
Markdown link
[H.R. 4491: Shareholder Protection Act](https://openamerica.io/bill/116-HR-4491/)
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