S. 1630
Referred to CommitteeShareholder Protection Act of 2019
Latest Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
5/23/2019 • Senate
Summary
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.
Introduced in Senate • 5/23/2019
Topics & Subjects
Congressional Votes (0)
No recorded votes yet
Roll call votes will appear here as the bill moves through Congress
Related Federal Spending
Sponsor & Cosponsors (17)
Party Breakdown
Sponsor
Cosponsors (16)
Bill Journey
Originated in the Senate
Introduced
May 23, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law