1. Short title This Act may be cited as the Mind Your Own Business Act of 2023 . 2. Findings Congress finds the following: (1) The fiduciary duties of boards of directors and other corporate actors to corporations and their stockholders are generally established by and enforceable under State law. (2) State law generally permits corporations discretion with respect to altering the rights of stockholders, including the process by which stockholders assert claims for breach of fiduciary duties by the board of directors or other corporate actors, limited by State law governing these fiduciary duties. (3) The regulation of corporations as issuers of securities authorized by Congress in the Securities Exchange Act of 1934 ( 15 U.S.C. 78a et seq. ) generally regulates corporate behavior in connection with the issuance of securities, including with respect to contractual arrangements between corporations and their stockholders via provisions in the charters and bylaws of the corporations, and does not— (A) establish fiduciary duties of boards of directors or other corporate actors to corporations and their stockholders under Federal law; or (B) regulate the fiduciary duties of boards of directors or other corporate actors to corporations and their stockholders under State law. (4) The State law fiduciary duties of boards of directors and other corporate actors establish certain norms upon which the national market system for securities has historically relied, including— (A) boards of directors and other corporate actors generally have fiduciary duties to their respective corporations and stockholders