United States · Bill · S
S. 1630 (116th)
Shareholder Protection Act of 2019
Introduced
23 May 2019
Last action
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Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
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Subjects
Discovery layer
Source updated
5 December 2025
Summary
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.
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Votes
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 23 May 2019
Introduced in Senate (PDF)
Introduced in Senate · EN · 23 May 2019
Introduced in Senate
summary · EN · 23 May 2019
Sponsors
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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/senate-bill/1630
- Open data entity: https://api.congress.gov/v3/bill/116/s/1630