# 116-hr-6056: Accountable Capitalism Act

116-hr-6056, Accountable Capitalism Act, is a 116th Congress bill sponsored by Sen. Luján, Ben Ray [D-NM] (D-NM); status Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Financial Services, House Administration, and Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-6056
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-6056
- Congress: 116
- Title: Accountable Capitalism Act
- Status: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Financial Services, House Administration, and Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Introduced: 2020-03-02
- Sponsor: Sen. Luján, Ben Ray [D-NM] (D-NM)
- Cosponsors: 2
- Policy area: Commerce
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Accountable Capitalism Act This bill places specific obligations on certain large business entities in the United States. Specifically, the bill requires such entities to obtain a charter, and it imposes duties and limitations on such entities, including (1) imposing a duty to create a general public benefit as articulated in its charter, (2) requiring a director  to balance the pecuniary interests of shareholders with the interests of persons materially affected by the entity, (3) restricting when officers and directors may sell certain securities related to the entity, and (4) requiring shareholder and director approval of the entity's political expenditures. The bill also establishes the Office of United States Corporations, which shall have various duties such as reviewing and granting charters for large entities. Further, the bill requires the Securities and Exchange Commission to issue rules governing director elections at U.S. corporations, stipulating that no less than two-fifths of the directors shall be elected by employees.

## Cosponsors (2)

- Rep. Schakowsky, Janice D. [D-IL-9] (D-IL), 2020-03-02T00:00:00.000Z
- Rep. Smith, Adam [D-WA-9] (D-WA), 2020-09-04T00:00:00.000Z

## Related bills

- 116-hr-8015: Delivering for America Act
- 116-hr-7806: SOS Act
- 116-hr-7517: Protect Access to Birth Control Act
- 116-hr-7485: SAFE Workers Act
- 116-hr-7120: George Floyd Justice in Policing Act of 2020
- 116-hr-7092: Great American Outdoors Act

## Sources
- [116-hr-6056 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/6056)

## Related
- [116-hr-8015: Delivering for America Act](https://policyrisk.com/legislation/116-hr-8015)
- [116-hr-7806: SOS Act](https://policyrisk.com/legislation/116-hr-7806)
- [116-hr-7517: Protect Access to Birth Control Act](https://policyrisk.com/legislation/116-hr-7517)
- [116-hr-7485: SAFE Workers Act](https://policyrisk.com/legislation/116-hr-7485)
- [116-hr-7120: George Floyd Justice in Policing Act of 2020](https://policyrisk.com/legislation/116-hr-7120)
- [116-hr-7092: Great American Outdoors Act](https://policyrisk.com/legislation/116-hr-7092)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-6056 (as of 2025-11-18).