Includes all politicians who were in office at any point during the 112th Congress.

S. 1360 - Shareholder Protection Act of 2011

Finance and financial sector. 112th Congress (2011-2012) View bill details
Sponsor:
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 purposes. (by CRS) 
Status:
The bill has been introduced. 
There have been no votes on this bill.

Shareholder Protection Act of 2011

S. 1360 — 112th Congress (2011–2012)

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 purposes. (by CRS)
Learn More
At OpenCongress
Title
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 purposes.
Other Titles
  • Shareholder Protection Act of 2011
Sponsor
Robert Menéndez
Co-Sponsors
Subjects
  • Finance and financial sector
  • Administrative law and regulatory procedures
  • Civil actions and liability
  • Congressional oversight
  • Corporate finance and management
  • Elections, voting, political campaign regulation
  • Financial services and investments
  • Government information and archives
  • Securities
  • Securities and Exchange Commission (SEC)
Related Bills
Major Actions
Introduced7/13/2011
Referred to Committee
Bill History

There have been no votes on this bill.

ActionDateDescription
Introduced7/13/2011
7/13/2011Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
NumberSponsorDate OfferedStatus

Total contributions given to Senators from interest groups that…

182% more
$38,900
$29,200
$11,571,318
$750
$3,082,567
$354,158
$1,206,534
$424,550
$8,004,090
$514,947
$25,227,014
$8,960,737
$8,960,737

opposed this bill

42 Organizations Supported and 2 Opposed; See Which Ones

Organizations that took a position on
Shareholder Protection Act of 2011

42 organizations supported this bill

Brennan Center for Justice
Midwest Democracy Network (2011, July 15). Shareholder Protection Act introduced in Congress. Retrieved August 9, 2011, from Midwest Democracy Network.
Center for Corporate Policy
Center for Corporate Policy (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Center for Media and Democracy
Center for Media and Democracy (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Chesapeake Climate Action Network
Chesapeake Climate Action Network (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Citizen Advocacy Center
Midwest Democracy Network (2011, July 15). Shareholder Protection Act introduced in Congress. Retrieved August 9, 2011, from Midwest Democracy Network.
Citizen Works
Protect Our Elections (2011, July 13). Press Release: Menendez Introduces Shareholder Protection Act in Wake of Supreme Court’s Gutting of Campaign Finance Law. Retrieved August 9, 2011, from Protect Our Elections.
Citizens for Responsibility & Ethics in Washington
Citizens for Responsibility and Ethics in Washington (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Coffee Party USA
Coffee Party USA (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Common Cause
Protect Our Elections (2011, July 13). Press Release: Menendez Introduces Shareholder Protection Act in Wake of Supreme Court’s Gutting of Campaign Finance Law. Retrieved August 9, 2011, from Protect Our Elections.
Corporate Accountability International
Corporate Accountability International (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Corporate Ethics International
Corporate Ethics International (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Corporate Reform Coalition
Protect Our Elections (2011, July 13). Press Release: Menendez Introduces Shareholder Protection Act in Wake of Supreme Court’s Gutting of Campaign Finance Law. Retrieved August 9, 2011, from Corporate Reform Coalition.
Democracy 21
Democracy 21 (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Democrats.com
Democrats.com (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Demos
Protect Our Elections (2011, July 13). Press Release: Menendez Introduces Shareholder Protection Act in Wake of Supreme Court’s Gutting of Campaign Finance Law. Retrieved August 9, 2011, from Protect Our Elections.
Free Speech for People
Free Speech for People (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Friends of the Earth
Friends of the Earth (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Greenpeace
Greenpeace (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Heartland Democracy
Midwest Democracy Network (2011, July 15). Shareholder Protection Act introduced in Congress. Retrieved August 9, 2011, from Midwest.
Holy Cross International Justice Office
Holy Cross International Justice Office (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Illinois Campaign for Political Reform
Illinois Campaign for Political Reform (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Krull & Company
Krull and Company (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
League of Conservation Voters
League of Conservation Voters (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Maryknoll Office for Global Concerns
Maryknoll Office for Global Concerns (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Michigan Campaign Finance Network
Midwest Democracy Network (2011, July 15). Shareholder Protection Act introduced in Congress. Retrieved August 9, 2011, from Midwest Democracy Network.
National Consumers League
National Consumers League (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
North Carolina Voters for Clean Elections
North Carolina Voters for Clean Elections (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
NorthStar Asset Management
NorthStar Asset Management (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Ohio Citizen Action
Midwest Democracy Network (2011, July 15). Shareholder Protection Act introduced in Congress. Retrieved August 9, 2011, from Midwest Democracy Network.
People for the American Way
People For the American Way (2011, July 12). Press Conference to Support the Shareholder Protection Act. Retrieved August 9, 2011, from People for the American Way.
Progressive States Network
Progressive States Network (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Public Campaign
Public Campaign (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Public Citizen
Protect Our Elections (2011, July 13). Press Release: Menendez Introduces Shareholder Protection Act in Wake of Supreme Court’s Gutting of Campaign Finance Law. Retrieved August 9, 2011, from Protect Our Elections.
Service Employees International Union
Service Employees International Union (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Social Equity Group
Social Equity Group (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Strategic Counsel on Corporate Accountability
Strategic Counsel on Corporate Accountability (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Sunlight Foundation
Rosenberg, Lisa (2011, June 21). Transparency Provisions in Shareholder Protection Act — Cool Tool for writing Congress. Retrieved August 9, 2011, from Movement for the People.
U.S. PIRG
Midwest Democracy Network (2011, July 15). Shareholder Protection Act introduced in Congress. Retrieved August 9, 2011, from Midwest Democracy Network.
United Food and Commercial Workers International Union
United Food and Commercial Workers (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
West Virginia Citizen Action Group
West Virginia Citizen Action (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.
Wisconsin Democracy Campaign
Midwest Democracy Network (2011, July 15). Shareholder Protection Act introduced in Congress. Retrieved August 9, 2011, from Midwest Democracy Network.
Zevin Asset Management
Zevin Asset Management (2011, June 21). Coalition Letter in Support of the Shareholder Protection Act. Retrieved August 9, 2011, from Corporate Reform Coalition.

2 organizations opposed this bill

Center for Competitive Politics
Lee, Sarah (2011, July 14). CCP Releases Statement on the Shareholder Protection Act. Retrieved August 9, 2011, from Campaign Freedom.
Institute for Justice
Sherman, Paul (2011, July 21). "Shareholder Protection Act" is about silencing speech. The Hill. Retrieved September 8, 2011, from http://thehill.com/blogs/congress-blog/campaign/172741-qshareholder-protection-actq-is-about-silencing-speech.

Need proof?

View citations of support and opposition

Includes reported contributions to congressional campaigns of Senators in office during the 112th U.S. Congress, from interest groups invested in the vote according to MapLight, January 1, 2007 – December 31, 2012.
Contributions data source: OpenSecrets.org

Contributions by Legislator

Namesort iconPartyState$ From Interest Groups
That Supported
$ From Interest Groups
That Opposed
Daniel K. AkakaDHI$4,000$0
Andrew Lamar AlexanderRTN$128,733$76,833
Kelly AyotteRNH$69,625$132,411
John BarrassoRWY$41,749$39,800
Max BaucusDMT$193,125$0
Mark BegichDAK$468,414$0
Michael BennetDCO$577,824$0
Jesse "Jeff" BingamanDNM$750$0
Richard BlumenthalDCT$176,006$0
Roy BluntRMO$140,660$215,186
John BoozmanRAR$56,950$80,095
Barbara BoxerDCA$1,179,715$0
Scott BrownRMA$438,225$753,293
Sherrod BrownDOH$646,563$0
Richard BurrRNC$99,885$66,500
Maria CantwellDWA$294,060$0
Ben CardinDMD$116,125$0
Tom CarperDDE$70,000$0
Bob CaseyDPA$227,946$0
Clarence Saxby ChamblissRGA$155,100$525,998
Daniel CoatsRIN$54,850$94,000
Tom CoburnROK$32,200$134,943
William Thad CochranRMS$18,950$16,700
Susan CollinsRME$106,600$153,283
Gaylord Kent ConradDND$25,200$0
Chris CoonsDDE$91,727$0
Bob CorkerRTN$286,863$56,930
John CornynRTX$454,501$417,472
Mike CrapoRID$30,650$200
Jim DeMintRSC$73,054$371,920
Dick DurbinDIL$281,796$0
Mike EnziRWY$8,250$8,250
Dianne FeinsteinDCA$95,659$1,000
Alan FrankenDMN$1,402,878$0
Kirsten GillibrandDNY$946,548$-400
Lindsey GrahamRSC$78,300$39,000
Chuck GrassleyRIA$16,450$59,800
Kay HaganDNC$1,951,524$0
Tom HarkinDIA$161,418$0
Orrin HatchRUT$99,500$20,500
Dean HellerRNV$167,594$150,937
John HoevenRND$42,300$21,900
Kay Bailey HutchisonRTX$48,300$91,400
Jim InhofeROK$92,026$157,925
Dan InouyeDHI$41,300$0
Johnny IsaksonRGA$83,400$31,750
Mike JohannsRNE$33,700$69,396
Ron JohnsonRWI$92,416$215,403
Tim JohnsonDSD$341,919$0
John KerryDMA$402,978$0
Mark KirkRIL$261,905$365,025
Amy KlobucharDMN$133,576$0
Herb KohlDWI$0$0
Jon KylRAZ$1,500$-5,000
Mary LandrieuDLA$348,232$0
Frank LautenbergDNJ$438,524$0
Patrick LeahyDVT$134,025$0
Mike LeeRUT$13,350$48,796
Carl LevinDMI$292,082$0
Joe LiebermanICT$1,000$0
Dick LugarRIN$81,474$15,300
Joe ManchinDWV$118,515$0
John McCainRAZ$89,150$220,423
Claire McCaskillDMO$294,412$0
Addison "Mitch" McConnellRKY$347,875$490,408
Bob MenéndezDNJ$167,208$1,000
Jeff MerkleyDOR$700,381$0
Barbara MikulskiDMD$60,150$0
Jerry MoranRKS$39,500$31,150
Lisa MurkowskiRAK$29,274$7,650
Patty MurrayDWA$374,881$0
Earl "Ben" NelsonDNE$67,450$1,000
Clarence "Bill" NelsonDFL$326,376$0
Rand PaulRKY$90,400$297,385
Rob PortmanROH$190,999$203,981
Mark PryorDAR$116,000$500
John "Jack" ReedDRI$104,460$0
Harry ReidDNV$576,465$4,600
Jim RischRID$24,700$231,309
Charles "Pat" RobertsRKS$50,556$175,199
John "Jay" RockefellerDWV$164,850$0
Marco RubioRFL$283,155$808,176
Bernie SandersIVT$346,670$0
Chuck SchumerDNY$344,650$0
Jeff SessionsRAL$44,950$93,870
Jeanne ShaheenDNH$696,542$0
Richard ShelbyRAL$86,450$5,700
Olympia SnoweRME$67,450$19,050
Debbie StabenowDMI$180,409$0
Jon TesterDMT$579,327$0
John ThuneRSD$110,054$385,992
Patrick ToomeyRPA$252,915$1,169,148
Mark UdallDCO$1,060,205$0
Tom UdallDNM$772,973$0
David VitterRLA$130,800$262,375
Mark WarnerDVA$1,489,843$0
Jim WebbDVA$27,600$0
Sheldon WhitehouseDRI$198,306$0
Roger WickerRMS$135,425$125,275
Ron WydenDOR$131,714$0

Add Data Filters:

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NamePartyState$ From Interest Groups
That Supported
$ From Interest Groups
That Opposed
Daniel K. AkakaDHI$4,000$0
Andrew Lamar AlexanderRTN$128,733$76,833
Kelly AyotteRNH$69,625$132,411
John BarrassoRWY$41,749$39,800
Max BaucusDMT$193,125$0
Mark BegichDAK$468,414$0
Michael BennetDCO$577,824$0
Jesse "Jeff" BingamanDNM$750$0
Richard BlumenthalDCT$176,006$0
Roy BluntRMO$140,660$215,186
John BoozmanRAR$56,950$80,095
Barbara BoxerDCA$1,179,715$0
Scott BrownRMA$438,225$753,293
Sherrod BrownDOH$646,563$0
Richard BurrRNC$99,885$66,500
Maria CantwellDWA$294,060$0
Ben CardinDMD$116,125$0
Tom CarperDDE$70,000$0
Bob CaseyDPA$227,946$0
Clarence Saxby ChamblissRGA$155,100$525,998
Daniel CoatsRIN$54,850$94,000
Tom CoburnROK$32,200$134,943
William Thad CochranRMS$18,950$16,700
Susan CollinsRME$106,600$153,283
Gaylord Kent ConradDND$25,200$0
Chris CoonsDDE$91,727$0
Bob CorkerRTN$286,863$56,930
John CornynRTX$454,501$417,472
Mike CrapoRID$30,650$200
Jim DeMintRSC$73,054$371,920
Dick DurbinDIL$281,796$0
Mike EnziRWY$8,250$8,250
Dianne FeinsteinDCA$95,659$1,000
Alan FrankenDMN$1,402,878$0
Kirsten GillibrandDNY$946,548$-400
Lindsey GrahamRSC$78,300$39,000
Chuck GrassleyRIA$16,450$59,800
Kay HaganDNC$1,951,524$0
Tom HarkinDIA$161,418$0
Orrin HatchRUT$99,500$20,500
Dean HellerRNV$167,594$150,937
John HoevenRND$42,300$21,900
Kay Bailey HutchisonRTX$48,300$91,400
Jim InhofeROK$92,026$157,925
Dan InouyeDHI$41,300$0
Johnny IsaksonRGA$83,400$31,750
Mike JohannsRNE$33,700$69,396
Ron JohnsonRWI$92,416$215,403
Tim JohnsonDSD$341,919$0
John KerryDMA$402,978$0
Mark KirkRIL$261,905$365,025
Amy KlobucharDMN$133,576$0
Herb KohlDWI$0$0
Jon KylRAZ$1,500$-5,000
Mary LandrieuDLA$348,232$0
Frank LautenbergDNJ$438,524$0
Patrick LeahyDVT$134,025$0
Mike LeeRUT$13,350$48,796
Carl LevinDMI$292,082$0
Joe LiebermanICT$1,000$0
Dick LugarRIN$81,474$15,300
Joe ManchinDWV$118,515$0
John McCainRAZ$89,150$220,423
Claire McCaskillDMO$294,412$0
Addison "Mitch" McConnellRKY$347,875$490,408
Bob MenéndezDNJ$167,208$1,000
Jeff MerkleyDOR$700,381$0
Barbara MikulskiDMD$60,150$0
Jerry MoranRKS$39,500$31,150
Lisa MurkowskiRAK$29,274$7,650
Patty MurrayDWA$374,881$0
Earl "Ben" NelsonDNE$67,450$1,000
Clarence "Bill" NelsonDFL$326,376$0
Rand PaulRKY$90,400$297,385
Rob PortmanROH$190,999$203,981
Mark PryorDAR$116,000$500
John "Jack" ReedDRI$104,460$0
Harry ReidDNV$576,465$4,600
Jim RischRID$24,700$231,309
Charles "Pat" RobertsRKS$50,556$175,199
John "Jay" RockefellerDWV$164,850$0
Marco RubioRFL$283,155$808,176
Bernie SandersIVT$346,670$0
Chuck SchumerDNY$344,650$0
Jeff SessionsRAL$44,950$93,870
Jeanne ShaheenDNH$696,542$0
Richard ShelbyRAL$86,450$5,700
Olympia SnoweRME$67,450$19,050
Debbie StabenowDMI$180,409$0
Jon TesterDMT$579,327$0
John ThuneRSD$110,054$385,992
Patrick ToomeyRPA$252,915$1,169,148
Mark UdallDCO$1,060,205$0
Tom UdallDNM$772,973$0
David VitterRLA$130,800$262,375
Mark WarnerDVA$1,489,843$0
Jim WebbDVA$27,600$0
Sheldon WhitehouseDRI$198,306$0
Roger WickerRMS$135,425$125,275
Ron WydenDOR$131,714$0

Interest Groups that supported this bill

$ Donated
Democratic/Liberal$11,571,318
Investors$8,004,090
Environmental policy$3,082,567
Financial services & consulting$1,206,534
Food service & related unions$514,947
Commercial service unions$424,550
Churches, clergy & religious organizations$354,158
Human Rights$38,900
Legal Services$29,200
Consumer groups$750

Interest Groups that opposed this bill

$ Donated
Republican/Conservative$8,960,737
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