United States · Bill · HR
H.R. 4491 (116th)
Shareholder Protection Act
Introduced
25 September 2019
Last action
—
Status
Referred to the House Committee on Financial Services.
Sponsors
—
Subjects
Discovery layer
Source updated
5 December 2025
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.
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 25 September 2019
Introduced in House (PDF)
Introduced in House · EN · 25 September 2019
Introduced in House
summary · EN · 25 September 2019
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/116th-congress/house-bill/4491
- Open data entity: https://api.congress.gov/v3/bill/116/hr/4491