About the bill
The proposed Shareholder Protection Act is a bill that was introduced to the United States House of Representatives in 2010. It would amend the Securities Exchange Act of 1934 to require that any solicitation of a proxy, consent, or authorization with respect to any security of an issuer: (1) describe the specific nature and total amount of expenditures proposed for political activities for the forthcoming fiscal year; and (2) provide for a separate shareholder vote to authorize such proposed expenditures. The bill was introduced by Representative Michael Capuano, a Democrat from Massachusetts, partially as a response to the Supreme Court's ruling in Citizens United v. Federal Election Commission. As of October 10, 2010, it had 49 cosponsors.
This summary is from Wikipedia.
Sponsor and status
111th Congress (2009–2010)
This bill was introduced on July 29, 2010, in a previous session of Congress, but it did not receive a vote.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
49 Cosponsors (49 Democrats)
Position statements
What legislators are saying
“Statement on Committee Passage of the Shareholder Protection Act”
—
Rep. Michael Capuano [D-MA7, 2013-2018]
(Sponsor)
on Jul 29, 2010
History
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Mar 9, 2010
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Introduced
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber. |
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Jul 29, 2010
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Ordered Reported
A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee. |
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Jul 13, 2011
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Reintroduced Bill —
Introduced
This activity took place on a related bill, H.R. 2517 (112th). |
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Apr 25, 2013
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Reintroduced Bill —
Introduced
This activity took place on a related bill, H.R. 1734 (113th). |
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Jan 21, 2015
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Reintroduced Bill —
Introduced
This activity took place on a related bill, H.R. 446 (114th). |
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Jan 9, 2017
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Reintroduced Bill —
Introduced
This activity took place on a related bill, H.R. 376 (115th). |
H.R. 4790 (111th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 4790. This is the one from the 111th Congress.
This bill was introduced in the 111th Congress, which met from Jan 6, 2009 to Dec 22, 2010. Legislation not passed by the end of a Congress is cleared from the books.
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GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.
