Delaware’s Senate has approved a bill that would shield corporations from shareholder accountability in a state where two-thirds of all Fortune 500 companies are registered. The legislation is backed by Democratic Governor Matt Meyer and was written by the law firm that represents Tesla and Elon Musk. The bill would make it harder for shareholders to access internal corporate documents and communications and would give corporations more protections from shareholder lawsuits in conflict-of-interest cases. A Delaware House committee is voting today on the legislation, which critics have condemned as the “billionaires’ bill.” If approved, it will restore Elon Musk’s 2018 CEO pay package at Tesla worth $56 billion — the largest ever for a publicly traded corporation, before it was voided by a Delaware judge following a shareholder lawsuit.