2020 House Bill 6310

Authorize “stakeholder capitalism” corporations

Introduced in the House

Oct. 14, 2020

Introduced by Rep. Rachel Hood (D-76)

To establish reporting requirements for the “benefit corporation” business entities proposed by House Bills 6309 to 6312. Their purpose would not be to maximize value for shareholders but to engage in various pro-social or pro-environmental activities as measured by a subjective “third-party standard".

Referred to the Committee on Government Operations