3.0.0 1630 2022-11-01T06:17:30Z 2022-11-01T06:17:30Z Senate S 2019-05-23 116 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2019-05-23T14:22:32Z Shareholder Protection Act 116 4491 HR 2019-09-25 Referred to the House Committee on Financial Services. Related bill CRS For the People Act of 2019 116 949 S 2019-03-28 Read twice and referred to the Committee on Finance. Related bill CRS Shareholder Political Transparency Act of 2020 116 5929 HR 2020-12-08 Placed on the Union Calendar, Calendar No. 517. Related bill CRS 2019-05-23 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2019-05-23 Introduced in Senate IntroReferral 10000 9 Library of Congress M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ N M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2019-06-25 False S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2019-06-25 False H001042 Sen. Hirono, Mazie K. [D-HI] Mazie Hirono D HI K. 2019-06-25 False B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2019-06-25 False B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2019-06-25 False W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2019-06-25 False V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD 2019-06-25 False G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2019-06-25 False K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2019-06-25 False W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2019-06-25 False U000039 Sen. Udall, Tom [D-NM] TOM UDALL D NM 2019-06-25 False C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2019-06-25 False M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. 2019-06-25 False L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2019-06-25 False D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2019-06-25 False F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2019-06-25 False Finance and Financial Sector Administrative law and regulatory procedures Corporate finance and management Elections, voting, political campaign regulation Political advertising Securities Securities and Exchange Commission (SEC) Finance and Financial Sector 00 2019-05-23 Introduced in Senate 2019-06-26T19:10:22Z 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.

]]> Shareholder Protection Act of 2019 Display Title Shareholder Protection Act of 2019 Short Title(s) as Introduced Shareholder Protection Act of 2019 Introduced in Senate IS Official Title as Introduced A bill to amend the Securities and Exchange Act of 1934 to require shareholder authorization before a public company may make certain political expenditures, and for other purposes. Introduced in Senate IS Introduced in Senate 2019-05-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s1630is/xml/BILLS-116s1630is.xml 2019-05-23 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.