To amend the Securities Exchange Act of 1934 to require corporations to obtain the views of shareholders concerning corporate charitable contributions.

Summary

Amends the Securities Exchange Act of 1934 to require each issuer of a registered security to afford its shareholders the opportunity to participate through a proxy, consent, or authorization in the designation of recipients of the issuer's charitable contributions. Authorizes the Securities and Exchange Commission to grant exemptions from this requirement for gifts of tangible personal property, gifts to public or private nonprofit educational institutions, and gifts to local charities.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 5 March 1997

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• Introduced in House (PDF)

  Introduced in House · EN · 5 March 1997

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 5 March 1997

  Open at official source

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