End the Hijacking of Shareholder Funds Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Mar 13, 2013)
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.
What just happenedMar 13, 2013
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseMar 13, 2013
- Mar 13, 2013IntroReferralH11100
Referred to the House Committee on Financial Services.
- Mar 13, 2013IntroReferralIntro-H
Introduced in House
- Mar 13, 2013IntroReferral1000
Introduced in House