US HB1116 | 2013-2014 | 113th Congress
Status
March 13 2013 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
End the Hijacking of Shareholder Funds Act - Deems expenditure to influence public opinion by the officers and directors of a public company on matters not related to company products or services to be a breach of fiduciary duty if such expenditure has not been approved by a prior majority shareholder vote. Subjects such officers and directors to joint and several liability to any shareholder or class of shareholders for the amount of such an expenditure.
Title
End the Hijacking of Shareholder Funds Act
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2013-03-13 | House | Referred to the House Committee on Financial Services. |
Subjects
Business ethics
Civil actions and liability
Corporate finance and management
Elections, voting, political campaign regulation
Finance and financial sector
Financial services and investments
Political advertising
Public participation and lobbying
Securities
Civil actions and liability
Corporate finance and management
Elections, voting, political campaign regulation
Finance and financial sector
Financial services and investments
Political advertising
Public participation and lobbying
Securities
US Congress State Sources
| Type | Source |
|---|---|
| Summary | http://thomas.loc.gov/cgi-bin/bdquery/z?d113:HN01116:@@@L&summ2=m& |
| Text | http://gpo.gov/fdsys/pkg/BILLS-113hr1116ih/pdf/BILLS-113hr1116ih.pdf |
