H.R.376: Shareholder Protection Act of 2017

About This Bill

Bill Version

Bill Summary

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...

(Source: Library of Congress)

Bill Actions

Date Description
Jan. 9, 2017
Referred to the House Committee on Financial Services.
Jan. 9, 2017

Introduced in the House by Michael E. Capuano (D-Mass.)

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