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S 1630 116th Congress Senate Finance and Financial Sector Administrative law and regulatory procedures Corporate finance and management Elections, voting, political campaign regulation Political advertising Securities Securities and Exchange Commission (SEC)

Shareholder Protection Act of 2019

Introduced: May 23, 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
May 23, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 23, 2019
Introduced in Senate
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 Plain-English summary Congressional Research Service

Shareholder Protection Act of 2019

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 May 23, 2019

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Related & companion bills 3
  • S 949 Related bill For the People Act of 2019
  • HR 5929 Related bill Shareholder Political Transparency Act of 2020
  • HR 4491 Related bill Shareholder Protection Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 12
All 12 Democratic 12
D
Blumenthal, Richard
Connecticut · Jun 25, 2019
 D
Booker, Cory A.
New Jersey · Jun 25, 2019
 D
Durbin, Richard J.
Illinois · Jun 25, 2019
 D
Gillibrand, Kirsten E.
New York · Jun 25, 2019
 D
Hirono, Mazie K.
Hawaii · Jun 25, 2019
 D
Klobuchar, Amy
Minnesota · Jun 25, 2019
 D
Markey, Edward J.
Massachusetts · Jun 25, 2019
 D
Merkley, Jeff
Oregon · Jun 25, 2019
 D
Shaheen, Jeanne
New Hampshire · Jun 25, 2019
 D
Van Hollen, Chris
Maryland · Jun 25, 2019
 D
Warren, Elizabeth
Massachusetts · Jun 25, 2019
 D
Whitehouse, Sheldon
Rhode Island · Jun 25, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1630: Shareholder Protection Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-1630/
MLA
"S. 1630: Shareholder Protection Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-1630/.
Bluebook (legal)
S. 1630, 116th Cong. (2026), https://openamerica.io/bill/116-S-1630/.
Markdown link
[S. 1630: Shareholder Protection Act of 2019](https://openamerica.io/bill/116-S-1630/)
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