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- S.1630
S.1630: Shareholder Protection Act of 2019
About This Bill
- Introduced May 23, 2019
- Latest Major Action May 23, 2019
Bill Sponsor
Bill Cosponsors
16 (All Democrats)
Bill Version
- Introduced in Senate - May 23, 2019
Bill 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...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
May 23, 2019 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
May 23, 2019 |
Introduced in the Senate by Robert Menendez (D-N.J.) |