HR 1116 · 113th Congress · Finance and Financial Sector

End the Hijacking of Shareholder Funds Act

Introduced 2013-03-13· Sponsored by Rep. Grayson, Alan [D-FL-9]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2013-03-13)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only