{"database": "press", "table": "releases", "rows": [["https://www.warren.senate.gov/newsroom/press-releases/warren-renews-fight-for-economic-growth-that-benefits-workers", "Warren Renews Fight for Economic Growth That Benefits Workers", "2024-12-11", "2024", "2024-12", "Democrat", "Senate", "MA", "Elizabeth Warren", "W000817", "www.warren.senate.gov", "warren", "https://www.warren.senate.gov/newsroom/press-releases", "scraper", "Warren Renews Fight for Economic Growth That Benefits Workers\n\nBill Text (PDF) | Bill One-Pager (PDF)\n\nWashington, D.C. \u2013 U.S. Senator Elizabeth Warren (D-Mass.) reintroduced the Accountable Capitalism Act to strengthen employee power and ensure America\u2019s largest corporations pursue growth in a way that helps workers and consumers as well as shareholders. The legislation would help reverse harmful trends from the last 40 years that have encouraged large corporations to focus on short-term gains for a small group CEOs and shareholders over broader stakeholder interests and the long-term health of the workforce and economy.\n\nAround 93% of American-held corporate shares are owned by just 10% of our nation\u2019s richest households, while more than 40% of American households hold no shares at all. This means that corporate America\u2019s commitment to \u201cmaximizing shareholder return\u201d is a commitment to making the rich even richer, while leaving workers and families behind.\n\nThe Accountable Capitalism Act would implement the following requirements:\n\nCorporations with more than $1 billion in annual revenue must obtain a federal charter as a \u201cUnited States corporation,\u201d obligating company directors to consider the interests of all corporate stakeholders, including employees and customers, in addition to shareholders.\n\nAny corporate political spending must be approved by at least 75% of a corporation\u2019s shareholders and 75% of its Board of Directors, ensuring political expenditures benefit all corporate stakeholders.\n\nAt least 40% of a company\u2019s Board of Directors must be selected by the corporation\u2019s employees.\n\nDirectors and officers of United States corporations are prohibited from selling company shares within five years of receiving them or within three years of a company stock buyback.\n\n\u201cWorkers are a major reason corporate profits are surging, but their salaries have barely moved while corporations' shareholders make out like bandits,\u201d said Senator Warren. \u201cWe need to stand up for working people and hold giant companies responsible for decisions that hurt workers and consumers while lining shareholders\u2019 pockets.\u201d\n\nSenator Warren first introduced the Accountable Capitalism Act in August 2018.\n\n###", 1, "2026-03-30T01:40:41Z", "2026-04-06T19:07:19Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://www.warren.senate.gov/newsroom/press-releases/warren-renews-fight-for-economic-growth-that-benefits-workers"], "units": {}, "query_ms": 1.5522970352321863, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}