3.0.0 1726 2023-01-11T13:38:47Z 2023-01-11T13:38:47Z Senate S 2017-08-02 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2017-08-02T22:27:45Z Shareholder Protection Act of 2017 115 376 HR 2017-01-09 Referred to the House Committee on Financial Services. Related bill CRS Corporate Political Disclosure Act of 2018 115 5670 HR 2018-05-01 Referred to the House Committee on Financial Services. Related bill CRS 2017-08-02 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2017-08-02 Introduced in Senate IntroReferral 10000 9 Library of Congress M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ N B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2017-08-02 True M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. 2017-08-02 True F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2017-08-02 True H001042 Sen. Hirono, Mazie K. [D-HI] Mazie Hirono D HI K. 2017-08-02 True F000457 Sen. Franken, Al [D-MN] Al Franken D MN 2017-08-02 True S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2017-08-02 True W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2017-08-02 True W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2017-08-02 True D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2017-08-02 True M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2017-08-02 True V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD 2017-08-02 True U000039 Sen. Udall, Tom [D-NM] TOM UDALL D NM 2017-08-02 True B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2017-08-02 True L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2017-08-02 True G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2017-08-02 True Finance and Financial Sector Administrative law and regulatory procedures Civil actions and liability Elections, voting, political campaign regulation Financial services and investments Government information and archives Government studies and investigations Securities Securities and Exchange Commission (SEC) Finance and Financial Sector 00 2017-08-02 Introduced in Senate 2019-04-22T15:03:33Z Shareholder Protection Act of 2017

This bill amends the Securities Exchange Act of 1934 to require shareholder authorization with respect to 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.

The Securities and Exchange Commission must direct the national securities exchanges and associations to prohibit the listing of any equity security of an issuer whose corporate bylaws do not require a board vote with respect to political expenditures in excess of $50,000. An issuer must, within 48 hours, make publicly available the individual votes of each board member with respect to such expenditures.

The bill establishes various reporting requirements.

]]> Shareholder Protection Act of 2017 Display Title Shareholder Protection Act of 2017 Short Titles as Introduced Shareholder Protection Act of 2017 Official Title as Introduced A bill to amend the Securities Exchange Act of 1934 to require shareholder authorization before a public company may make certain political expenditures, and for other purposes. Introduced in Senate 2017-08-02T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1726is/xml/BILLS-115s1726is.xml 2017-08-02 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.