Accountable Capitalism Act - Nationalization of Corporations Senator Warren is trying to pass this act which will nationalize large cap corporations.  Accountable Capitalism Act Here are a few excerpts from the act. Definition of the corporations to be nationalized. (2) LARGE ENTITY.— (A) IN GENERAL.—The term “large entity” means an entity that— (i) is organized under the laws of a State as a corporation, body corporate, body politic, joint stock company, or limited liability company; (ii) engages in interstate commerce; and (iii) in a taxable year, according to information provided by the entity to the Internal Revenue Service, has more than $1,000,000,000 in gross receipts. Requirements of these large corporations. (a) Large Entities.— (1) IN GENERAL.—An entity that is organized as a corporation, body corporate, body politic, joint stock company, or limited liability company in a State shall obtain a charter from the Office as follows: (A) If the entity is a large entity with respect to the most recently completed taxable year of the entity before the date of enactment of this Act, the entity shall obtain the charter not later than 2 years after the date of enactment of this Act. (B) If the entity is a large entity with respect to any taxable year of the entity that begins after the date of enactment of this Act, the entity shall obtain the charter not later than 1 year after the last day of that taxable year. (2) FAILURE TO OBTAIN CHARTER.—An entity to which paragraph (1) applies and that fails to obtain a charter from the Office as required under that paragraph shall not be treated as a corporation, body corporate, body politic, joint-stock company, or limited liability company, as applicable, for the purposes of Federal law during the period beginning on the date on which the entity is required to obtain a charter under that paragraph and ending on the date on which the entity obtains the charter. And finally the responsibilities of these corporations. (1) GENERAL PUBLIC BENEFIT.—The term “general public benefit” means a material positive impact on society resulting from the business and operations of a United States corporation, when taken as a whole. (2) SUBSIDIARY.—The term “subsidiary” means, with respect to a person, an entity in which the person owns beneficially or of record not less than 50 percent of the outstanding equity interests of the entity, calculated as if all outstanding rights to acquire equity interests in the entity had been exercised. And... (c) Standard Of Conduct For Directors And Officers.— (1) CONSIDERATION OF INTERESTS.—In discharging the duties of their respective positions, and in considering the best interests of a United States corporation, the board of directors, committees of the board of directors, and individual directors of a United States corporation— (A) shall manage or direct the business and affairs of the United States corporation in a manner that— (i) seeks to create a general public benefit; and (ii) balances the pecuniary interests of the shareholders of the United States corporation with the best interests of persons that are materially affected by the conduct of the United States corporation; and Notice the whole general public benefit part?