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Businesses Over Activists Act

12/20/2023, 6:00 PM

Summary of Bill HR 4655

Bill 118 HR 4655, also known as the Businesses Over Activists Act, is a piece of legislation currently being considered in the US Congress. The main purpose of this bill is to protect businesses from what some lawmakers see as excessive and burdensome activism by special interest groups.

The bill aims to achieve this goal by implementing several key provisions. First, it would require organizations that engage in activism against businesses to disclose their funding sources and expenditures. This transparency requirement is intended to shed light on the financial backing behind activist campaigns and ensure that businesses are not unfairly targeted by undisclosed interests.

Additionally, the Businesses Over Activists Act would prohibit activist organizations from receiving federal funding if they engage in certain activities deemed harmful to businesses. This includes actions such as boycotts, protests, and other forms of activism that could negatively impact a business's operations or reputation. Furthermore, the bill would establish a process for businesses to seek legal recourse against activist organizations that engage in unlawful or harmful behavior. This would provide businesses with a means to defend themselves against activist campaigns that cross the line into harassment, defamation, or other illegal activities. Overall, supporters of the Businesses Over Activists Act argue that it is necessary to protect businesses from the potentially damaging effects of unchecked activism. Critics, however, raise concerns about the potential chilling effect on free speech and the right to protest. The bill is currently under review in Congress, where lawmakers are debating its merits and potential impact on businesses and activists alike.

Current Status of Bill HR 4655

Bill HR 4655 is currently in the status of Bill Introduced since July 14, 2023. Bill HR 4655 was introduced during Congress 118 and was introduced to the House on July 14, 2023.  Bill HR 4655's most recent activity was Placed on the Union Calendar, Calendar No. 265. as of December 19, 2023

Bipartisan Support of Bill HR 4655

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 4655

Primary Policy Focus

Finance and Financial Sector

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