3.0.0 1116 2023-01-11T13:23:15Z 2023-01-11T13:23:15Z House H HR 2013-03-13 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GRAYSON:H.R. 1116.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3``The Congress shall have Power . . . To regulate Commercewith foreign Nations and among the several States, and withthe Indian Tribes.''[Page H1397]]]> hsba00 Financial Services Committee House Standing Referred to 2013-03-13T14:03:35Z 2013-03-13 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2013-03-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-03-13 Introduced in House IntroReferral 1000 9 Library of Congress G000556 Rep. Grayson, Alan [D-FL-9] Alan Grayson D FL 9 N Finance and Financial Sector Business ethics Civil actions and liability Corporate finance and management Elections, voting, political campaign regulation Financial services and investments Political advertising Public participation and lobbying Securities Finance and Financial Sector 00 2013-03-13 Introduced in House 2013-03-26T20:39:50Z End the Hijacking of Shareholder Funds Act - Deems expenditure to influence public opinion by the officers and directors of a public company on matters not related to company products or services to be a breach of fiduciary duty if such expenditure has not been approved by a prior majority shareholder vote.

Subjects such officers and directors to joint and several liability to any shareholder or class of shareholders for the amount of such an expenditure.

]]> End the Hijacking of Shareholder Funds Act Display Title End the Hijacking of Shareholder Funds Act Official Title as Introduced To require the approval of a majority of a public company's shareholders for any expenditure by that company to influence public opinion on matters not related to the company's products or services. Introduced in House IH Short Titles as Introduced End the Hijacking of Shareholder Funds Act Introduced in House 2013-03-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr1116ih/xml/BILLS-113hr1116ih.xml 2013-03-13 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.