(Sacramento) -- Assemblymember Pedro Nava (D-Santa Barbara) has introduced Assembly Bill 919, the California Shareholder Protection Act. The measure will hold corporations accountable to shareholders for political expenditures by requiring an annual report to shareholders detailing the type, purpose, cost, and benefit of a company's political activities and expenditures. Corporations will also be required to give their shareholders the ability to opt out of political expenditures for their proportionate corporate ownership amount. Here's more in this Assembly Access video.
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