,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #aaaf  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #ac1 #bjac ,mr4  
,grayson introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to require !      
approval ( a majority ( a public        
company's %>ehold]s = any exp5diture by 
t company to influ5ce public op9ion on  
matt]s n relat$ to ! company's products 
or s]vices4  #a4 ,%ort title ,?is ,act  
may be cit$ z ! ,end ! ,hijack+ (       
,%>ehold] ,funds ,act4  #b4 ,%>ehold]   
approval = c]ta9 exp5ditures ,any       
exp5diture by a public company to       
influ5ce public op9ion on matt]s n      
relat$ to ! company's products or       
s]vices t has n be5 approv$ by a        
majority ( ! votes ca/ by %>ehold]s to  
approve or disapprove su* exp5diture    
%all be consid]$ a brea* ( a fiduci>y   
duty ( ! (fic]s & directors :o au?oriz$ 
su* an exp5diture4 ,! (fic]s & directors
 :o au?orize su* an exp5diture )\t fir/ 
obta9+ su* approval ( %>ehold]s %all be 

jo9tly & sev]ally liable 9 any action   
br\ght 9 any c\rt ( compet5t            
jurisdiction to any %>ehold] or class ( 
%>ehold]s = ! am\nt ( su* exp5diture4   
#c4 ,def9itions ,z us$ 9 ?is ,act--     
7#a7 ! t]m public company means any     
issu] t is requir$ to submit p]iodical  
or o!r reports "u section #ac ( !       
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #ghm72 &  7#b7 ! t]m %>ehold] 
means any p]son :o owns or holds a %>e (
 /ock 9 a public company4