3.0.0 2829 2023-03-08T20:12:35Z 2023-03-08T20:12:35Z Senate S 2021-09-23 117 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2021-09-23T20:05:12Z 2021-09-23 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2021-09-23 Introduced in Senate IntroReferral 10000 9 Library of Congress R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL N Finance and Financial Sector Abortion Administrative law and regulatory procedures Business ethics Civil actions and liability Corporate finance and management Elections, voting, political campaign regulation Financial services and investments Religion Securities Securities and Exchange Commission (SEC) State and local government operations Finance and Financial Sector 00 2021-09-23 Introduced in Senate 2022-04-11T15:08:43Z Mind Your Own Business Act of 2021

This bill requires a large publicly traded company, as a condition of being listed on a national securities exchange, to establish in the company's articles of incorporation or bylaws certain duties and procedures regarding a claim against a corporate defendant for breach of fiduciary duty resulting from a material action.

A material action taken by a corporate actor covered by this bill includes

  • an action taken primarily in response to a state law, state regulation, or state legislation relating to the manner in which elections are conducted in the state, protecting religious freedom, or limiting the availability of abortion services;
  • an action to promote certain social issues; or
  • other actions unrelated to the company's pecuniary interest.

Actions not covered by this bill include charitable contributions, certain exercises of religion, activity related to national security, and the limitation of business with certain nations and entities.

]]> Mind Your Own Business Act of 2021 Display Title Mind Your Own Business Act of 2021 Official Title as Introduced A bill to amend the Securities Exchange Act of 1934 to require the Securities and Exchange Commission to require the contractual provision by large issuers of procedural privileges with respect to certain shareholder claims relating to board and management accountability for "woke" social policy actions as a condition of listing on a national securities exchange. Introduced in Senate IS Short Title(s) as Introduced Mind Your Own Business Act of 2021 Introduced in Senate IS Introduced in Senate 2021-09-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s2829is/xml/BILLS-117s2829is.xml 2021-09-23 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.