3.0.0 530 2023-03-08T20:26:37Z 2023-03-08T20:26:37Z Senate S 2021-03-02 117 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2021-03-02T20:14:45Z For the People Act of 2021 117 1 S 2021-08-11 Placed on Senate Legislative Calendar under General Orders. Calendar No. 123. Related bill CRS Shareholder Political Transparency Act of 2021 117 1087 HR 2021-06-08 Placed on the Union Calendar, Calendar No. 36. Related bill CRS For the People Act of 2021 117 2093 S 2021-09-15 Cloture motion on the motion to proceed to the measure withdrawn by unanimous consent in Senate. (CR S6516-6517) Related bill CRS 2021-03-02 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2021-03-02 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 2021-03-02 True B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2021-03-02 True B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2021-03-02 True H001042 Sen. Hirono, Mazie K. [D-HI] Mazie Hirono D HI K. 2021-03-02 True L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2021-03-02 True W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2021-03-02 True D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2021-03-02 True V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD 2021-03-02 True G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2021-03-02 True K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2021-03-02 True M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. 2021-03-02 True S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2021-03-02 True B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2021-03-02 True W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2021-03-02 True F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2021-03-02 True C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2021-03-09 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 2021-03-02 Introduced in Senate 2021-06-25T11:45:41Z Shareholder Protection Act of 2021

This bill requires shareholder authorization of certain political expenditures by a publicly traded company. A violation of this requirement is considered a breach of fiduciary duty, and the officers and directors who authorized the expenditure are subject to joint and several liability. A publicly traded company 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 2021 Display Title Shareholder Protection Act of 2021 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 IS Short Title(s) as Introduced Shareholder Protection Act of 2021 Introduced in Senate IS Introduced in Senate 2021-03-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s530is/xml/BILLS-117s530is.xml 2021-03-02 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.