The Accountable Capitalism Act, 115th Congress (2017–18) S. 3348 is a proposed federal bill introduced by Senator Elizabeth Warren in August 2018.
The Act contains a "constituency statute" that would give directors a duty of "creating a general public benefit" with regard to a corporation's stakeholders, including shareholders, employees, and the environment, and the interests of the enterprise in the long-term.
"[2] The New York Times columnist David Leonhardt called the proposal "the most intriguing policy idea to come out of the early 2020 campaign".
[3] Meanwhile, National Review contributor, Samuel Hammond, was highly critical of the bill: "Yet the fact remains that the Accountable Capitalism Act is in many ways the most radical proposal advanced by a mainstream Democratic lawmaker to date...unlike universal health care or increased spending on the poor, Warren’s proposal is to fundamentally upend the way the most productive companies in the American economy work from the top down.
Also if a company did incorporate in the US, the requirement to balance the conflicting interests of shareholders, employees, community, and environment, and loss of license to operate if this is not done satisfactorily, would lead to "a surge of lobbying and worse still, a growth of crony competition" as the government becomes the entity that decides whether corporate decisions are acceptable.