H.R. 936 · 116th Congress
Shareholders United Act of 2019
- Stage
- In committee
- Sponsor
- Jamie Raskin
- Introduced
- 2019-01-31
- Latest action
- 2019-01-31 · Introduced in House
Summary
Shareholders United Act of 2019
This bill 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.