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H.R. 4487

BillFederalHouseIn Committee
End the Hijacking of Shareholder Funds Act
About This Bill
Committee
Latest Action · January 21, 2010
Referred to the House Committee on Financial Services.
Congress
111th (2009–2011)
Introduced
January 21, 2010
Cosponsors (0)
None
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Summary

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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.

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