Shareholder Protection Act

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 25 September 2019

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 25 September 2019

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 September 2019

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 25 September 2019 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 25 September 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 25 September 2019

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 25 September 2019

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Malinowski, Tom [D-NJ-7] · D · Sponsor
• Rep. Cleaver, Emanuel [D-MO-5] · D · Sponsor
• · hsba00 · Standing

Related records

• related to → Shareholder Protection Act of 2019
• related to ← Shareholder Political Transparency Act of 2020