Elon Musk billionaires bill supporters draw progressive challengers in Delaware
A progressive group in Delaware is backing primary challengers to six Democratic state lawmakers who supported a corporate law change criticized as benefiting billionaires like Elon Musk and Mark Zuckerberg. The law, known as the 'billionaires bill,' altered corporate governance rules and limited shareholder access to company records, drawing opposition from investors and legal experts. The Delaware Working Families Party argues the law reduces corporate accountability and favors wealthy executives over working-class interests.
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A progressive wing of the Democratic Party in Delaware is endorsing primary opponents to six incumbent Democratic state lawmakers who pushed for a change to the state's corporate law that benefits executives and billionaires, including Elon Musk and Mark Zuckerberg, who have faced shareholder litigation in the state.The Delaware Working Families Party told CNBC exclusively that it is endorsing six Democratic candidates in primaries against fellow Democratic incumbents who supported SB 21. The measure became law in 2025 and was dubbed the "billionaires bill" by opponents.
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