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S 530 117th 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 2021

Introduced: March 2, 2021 See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Mar 2, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 2, 2021
Introduced in Senate
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 Plain-English summary Congressional Research Service

Shareholder Protection Act of 2021

This bill requires shareholder authorization of certain political expenditures by a publicly traded company. A violation of this requirement is considered a breach of fiduciary duty, and the officers and directors who authorized the expenditure are subject to joint and several liability. A publicly traded company 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 March 2, 2021

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

 Related & companion bills 3
  • S 1 Related bill For the People Act of 2021
  • HR 1087 Related bill Shareholder Political Transparency Act of 2021
  • S 2093 Related bill For the People Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 13
All 13 Democratic 13
D
Baldwin, Tammy
Wisconsin · Mar 2, 2021
 D
Blumenthal, Richard
Connecticut · Mar 2, 2021
 D
Booker, Cory A.
New Jersey · Mar 2, 2021
 D
Durbin, Richard J.
Illinois · Mar 2, 2021
 D
Gillibrand, Kirsten E.
New York · Mar 2, 2021
 D
Hirono, Mazie K.
Hawaii · Mar 2, 2021
 D
Klobuchar, Amy
Minnesota · Mar 2, 2021
 D
Markey, Edward J.
Massachusetts · Mar 2, 2021
 D
Merkley, Jeff
Oregon · Mar 2, 2021
 D
Shaheen, Jeanne
New Hampshire · Mar 2, 2021
 D
Van Hollen, Chris
Maryland · Mar 2, 2021
 D
Warren, Elizabeth
Massachusetts · Mar 2, 2021
 D
Whitehouse, Sheldon
Rhode Island · Mar 2, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 530: Shareholder Protection Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-530/
MLA
"S. 530: Shareholder Protection Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-530/.
Bluebook (legal)
S. 530, 117th Cong. (2026), https://openamerica.io/bill/117-S-530/.
Markdown link
[S. 530: Shareholder Protection Act of 2021](https://openamerica.io/bill/117-S-530/)
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