3.0.0 7294 2023-01-11T13:40:48Z 2023-01-11T13:40:48Z House HR 2018-12-13 115 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BEN RAY LUJAN of New Mexico:H.R. 7294.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H10210]]]> hsed00 Education and the Workforce Committee House Standing Referred to 2018-12-13T15:31:25Z hsha00 Committee on House Administration House Standing Referred to 2018-12-13T15:31:20Z hsba00 Financial Services Committee House Standing Referred to 2018-12-13T15:31:15Z hswm00 Ways and Means Committee House Standing Referred to 2018-12-13T15:31:10Z hsif00 Energy and Commerce Committee House Standing Referred to 2018-12-13T15:31:05Z Accountable Capitalism Act 115 3348 S 2018-08-15 Read twice and referred to the Committee on Commerce, Science, and Transportation. Identical bill CRS 2018-12-13 Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Financial Services, House Administration, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2018-12-13 Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Financial Services, House Administration, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsha00 Committee on House Administration 2018-12-13 Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Financial Services, House Administration, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2018-12-13 Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Financial Services, House Administration, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2018-12-13 Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Financial Services, House Administration, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsif00 Energy and Commerce Committee 2018-12-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2018-12-13 Introduced in House IntroReferral 1000 9 Library of Congress L000570 Rep. Lujan, Ben Ray [D-NM-3] Ben Lujan D NM R. 3 N B001296 Rep. Boyle, Brendan F. [D-PA-13] Brendan Boyle D PA F. 13 2018-12-13 True L000562 Rep. Lynch, Stephen F. [D-MA-8] Stephen Lynch D MA F. 8 2018-12-13 True P000607 Rep. Pocan, Mark [D-WI-2] Mark Pocan D WI 2 2018-12-13 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2018-12-13 True Commerce Administrative law and regulatory procedures Business ethics Civil actions and liability Consumer Financial Protection Bureau Department of Commerce Elections, voting, political campaign regulation Executive agency funding and structure Federal officials Political advertising Securities and Exchange Commission (SEC) State and local government operations Tax administration and collection, taxpayers Wages and earnings Commerce 00 2018-12-13 Introduced in House 2019-08-16T13:25:00Z Accountable Capitalism Act

This bill imposes various duties and limitations on companies and entities that qualify as large entities, including by: (1) imposing on such an entity a duty to create a general public benefit as articulated in its charter, (2) requiring a director of a large entity to balance the pecuniary interests of shareholders with the interests of persons materially affected by the entity, (3) restricting when officers and directors may sell certain securities related to the entity, and (4) requiring shareholder and director approval of the entity's political expenditures. The bill also establishes the Office of U.S. Corporations, which shall have various duties such as reviewing and granting charters for large entities.

]]> Accountable Capitalism Act Display Title Accountable Capitalism Act Official Title as Introduced To establish the obligations of certain large business entities in the United States, and for other purposes. Introduced in House IH Short Titles as Introduced Accountable Capitalism Act Introduced in House 2018-12-13T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr7294ih/xml/BILLS-115hr7294ih.xml 2018-12-13 Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Financial Services, House Administration, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. 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.