Skip to main content
HOUSE 936116th CongressReferred 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.

Shareholders United Act of 2019

Last Action
1/31/2019

Actions

  • 2019-01-31Referred 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.
  • 2019-01-31Referred 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.
  • 2019-01-31Introduced in House
  • 2019-01-31Introduced in House

CRS Summary

As of 2019-01-31 (00)

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.

Cosponsors (16)

  • Harley Rouda (D-CA)
  • Henry Johnson (D-GA)
  • Salud Carbajal (D-CA)
  • ELEANOR NORTON (D-DC)
  • JANICE SCHAKOWSKY (D-IL)
  • Darren Soto (D-FL)
  • EARL BLUMENAUER (D-OR)
  • Mark Pocan (D-WI)
  • Gilbert Cisneros (D-CA)
  • David Cicilline (D-RI)
  • WILLIAM PASCRELL (D-NJ)
  • Jared Huffman (D-CA)
  • Debra Haaland (D-NM)
  • Alexandria Ocasio-Cortez (D-NY)
  • BARBARA LEE (D-CA)
  • Rashida Tlaib (D-MI)
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.