{"id":13149,"date":"2025-03-14T13:42:23","date_gmt":"2025-03-14T17:42:23","guid":{"rendered":"https:\/\/tvdelmarva.com\/?p=13149"},"modified":"2025-03-14T13:42:23","modified_gmt":"2025-03-14T17:42:23","slug":"delaware-senate-passes-controversial-senate-bill-21","status":"publish","type":"post","link":"https:\/\/tvdelmarva.com\/wp\/delaware-senate-passes-controversial-senate-bill-21\/","title":{"rendered":"Delaware Senate Passes Controversial Senate Bill 21"},"content":{"rendered":"\n

The Delaware Senate unanimously passed Senate Bill 21 on Thursday, a measure aimed at changing the way business deals are handled between company leaders and major shareholders. The bill has sparked intense debate within Legislative Hall. Senate Bill 21 seeks to adjust the balance of power in corporate governance, particularly addressing concerns about the relationship between shareholders and boards of directors.
State Senator Brian Pettyjohn, a Republican from District 19, explained that the bill responds to the perception that Delaware\u2019s corporate laws have become too favorable toward shareholder groups. Delaware is home to over 2 million entities and is known as the corporate capital of the U.S. Pettyjohn argues that maintaining a business-friendly environment is vital for the state\u2019s economy, cautioning that losing corporate franchise taxes could result in negative consequences, such as the introduction of a sales tax or statewide property taxes. While Senate Bill 21 has received support, it has also faced criticism, with opponents claiming the bill gives too much power to corporate boards over shareholders.
Supporters, including Senator Trey Paradee, a Democrat from District 17, argue that the bill simply formalizes a longstanding practice in Delaware aimed at striking a balance between corporations and shareholders. The bill now moves to the House for further discussion and a vote.<\/p>\n\n\n\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

The Delaware Senate unanimously passed Senate Bill 21 on Thursday, a measure aimed at changing the way business deals are handled between company leaders and major shareholders. The bill has sparked intense debate within Legislative Hall. Senate Bill 21 seeks to adjust the balance of power in corporate governance, particularly addressing concerns about the relationship […]<\/p>\n","protected":false},"author":1,"featured_media":13150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[29],"tags":[],"class_list":["post-13149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2025\/03\/business-strategy-2023-11-27-05-35-07-utc-scaled.jpg?fit=2560%2C1706&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pbtNqq-3q5","jetpack-related-posts":[{"id":14667,"url":"https:\/\/tvdelmarva.com\/wp\/delaware-senate-approves-fix-for-birth-certificate-loophole-in-assisted-reproduction-case\/","url_meta":{"origin":13149,"position":0},"title":"Delaware Senate Approves Fix for Birth Certificate Loophole in Assisted Reproduction Case","author":"admin","date":"May 9, 2025","format":false,"excerpt":"DELAWARE \u2013 The Delaware State Senate has passed a bill aimed at fixing a legal gap that currently prevents the name of a deceased father from being added to a child\u2019s birth certificate in certain assisted reproduction cases. 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