The House is set to approve a bill by the end of the week that would give shareholders greater say in CEO pay, but the bill's chances of becoming law are burdened by opposition from the White House and many business groups. The bill's chief sponsor, Barney Frank, says he wants to give shareholders an easy avenue to voice discontent over runaway executive pay. Meanwhile, the White House dismissed the bill amongst complaints from several business groups that argue it would only further burden American corporations. John Costellani of the Businesses Roundtable says its intrusive and impractical while Republicans on the hill worried that the legislation would allow labor groups to force embarrassing corporate votes. While many shareholders already have the right to vote on pay packages, this new legislation would simply mandate votes for all companies and is supported by a number of institutional investors. It remains to be seen if this bill will make progress, but it is definitely a piece of news to watch!