US S530

Bill

US S530

Shareholder Protection Act of 2021

Introduced
03/02/2021

In Committee
03/02/2021

Crossed Over

Passed

Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To amend the Securities Exchange Act of 1934 to require shareholder authorization before a public company may make certain political expenditures, and for other pur- poses.

AI Summary

This bill, the Shareholder Protection Act of 2021, amends the Securities Exchange Act of 1934 to require public companies to obtain shareholder approval before making political expenditures, such as independent expenditures, electioneering communications, or payments to certain tax-exempt organizations that may be used for political purposes. The bill also requires public companies to disclose information about their political expenditures, including the specific nature and total amount of such expenditures, the votes of the board of directors authorizing the expenditures, and the recipients of any payments to trade associations or other organizations. Additionally, the bill directs the Securities and Exchange Commission to conduct annual assessments of compliance with these new requirements and report the results to Congress.

Committee Categories

Housing and Urban Affairs

Sponsors (17)

Bob Menendez (D)*, Tammy Baldwin (D), Richard Blumenthal (D), Cory Booker (D), Ben Cardin (D), Dick Durbin (D), Dianne Feinstein (D), Kirsten Gillibrand (D), Mazie Hirono (D), Amy Klobuchar (D), Patrick Leahy (D), Ed Markey (D), Jeff Merkley (D), Jeanne Shaheen (D), Chris Van Hollen (D), Elizabeth Warren (D), Sheldon Whitehouse (D),

Last Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 03/02/2021)

Official Document

https://www.congress.gov/bill/117th-congress/senate-bill/530/all-info

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/117th-congress/senate-bill/530/all-info
BillText	https://www.congress.gov/117/bills/s530/BILLS-117s530is.pdf
Bill	https://www.congress.gov/117/bills/s530/BILLS-117s530is.pdf.pdf

Bill	Bill Name	Last Action	Type
HR1087	Shareholder Political Transparency Act of 2021	Placed on the Union Calendar, Calendar No. 36.	Related
S1	Democracy Is Strengthened by Casting Light On Spending in Elections Act of 2021 Redistricting Reform Act of 2021 Democracy Restoration Act of 2021 Deceptive Practices and Voter Intimidation Prevention Act of 2021 Voter Registration Efficiency Act Automatic Voter Registration Act of 2021 Access to Congressionally Mandated Reports Act SWAMP FLYERS Act Stop Waste And Misuse by Presidential Flyers Landing Yet Evading Rules and Standards Act Empower Act of 2021 Fair Elections Now Act of 2021 Honest A	Placed on Senate Legislative Calendar under General Orders. Calendar No. 123.	Related
S2093	Access to Congressionally Mandated Reports Act CLEAR Act Connecting Lobbyists and Electeds for Accountability and Reform Act SWAMP FLYERS Act Stop Waste And Misuse by Presidential Flyers Landing Yet Evading Rules and Standards Act Ethics in Public Service Act Transition Team Ethics Improvement Act Conflicts from Political Fundraising Act of 2021 Executive Branch Comprehensive Ethics Enforcement Act of 2021 White House Ethics Transparency Act of 2021 Presidential Conflicts of Interest Act of 2021	Cloture motion on the motion to proceed to the measure withdrawn by unanimous consent in Senate. (CR S6516-6517)	Related

Bill > S530

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Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (17)

Last Action

Official Document

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