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
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
Plain-English summary
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
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1
Cosponsors
1