US HB936 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 17-0)
Status: Introduced on January 31 2019 - 25% progression, died in committee
Action: 2019-01-31 - Referred to the Committee on Financial Services, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 31 2019 - 25% progression, died in committee
Action: 2019-01-31 - Referred to the Committee on Financial Services, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requires an issuer of securities, in order to make a disbursement for a political purpose, to assess the preferences of shareholders in the year before the disbursement. If a majority of shareholders are prohibited from expressing partisan or political preferences by law, contract, or a requirement to meet a fiduciary duty, the issuer may not make such a disbursement.
Title
Shareholders United Act of 2019
Sponsors
| Rep. Jamie Raskin [D-MD] | Rep. Harley Rouda [D-CA] | Rep. Henry Johnson [D-GA] | Rep. Salud Carbajal [D-CA] |
| Rep. Eleanor Norton [D-DC] | Rep. Janice Schakowsky [D-IL] | Rep. Darren Soto [D-FL] | Rep. Earl Blumenauer [D-OR] |
| Rep. Mark Pocan [D-WI] | Rep. Gil Cisneros [D-CA] | Rep. David Cicilline [D-RI] | Rep. Bill Pascrell [D-NJ] |
| Rep. Jared Huffman [D-CA] | Rep. Debra Haaland [D-NM] | Rep. Alexandria Ocasio-Cortez [D-NY] | Rep. Barbara Lee [D-CA] |
| Rep. Rashida Tlaib [D-MI] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-31 | House | Referred to the Committee on Financial Services, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
| 2019-01-31 | House | Referred to the Committee on Financial Services, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
| 2019-01-31 | House | Introduced in House |
Same As/Similar To
HB1 (Related) 2019-03-14 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 39.
Subjects
Business ethics
Corporate finance and management
Elections, voting, political campaign regulation
Finance and financial sector
Public participation and lobbying
Securities
Corporate finance and management
Elections, voting, political campaign regulation
Finance and financial sector
Public participation and lobbying
Securities
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/936/all-info |
| Text | https://www.congress.gov/116/bills/hr936/BILLS-116hr936ih.pdf |
