Summary: H.R.4491 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.4491. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (09/25/2019)

Shareholder Protection Act

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.