Introduced
by
To establish that shareholders and officers of a corporation who consent to “independent expenditures” by the corporation which advocate the election or defeat of a candidate be held individually liable for violations of the regulations on this proposed by House Bills 6182 to 6187, and subject to fines of up to $1,000 each for any violations of state regulations on these. These bills were introduced after the U.S. Supreme Court’s Citizens United v Federal Election Commission ruling that overturned a law restricting independent expenditures not just by for-profit businesses, but also by unions and non-profit groups motivated by ideological or political concerns.
Referred to the Committee on Elections and Ethics
Reported without amendment
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that does not make shareholders and officers individually liable for corporate campaign finance violations.
The substitute passed by voice vote
Passed in the House 64 to 42 (details)
To establish corporations who undertake to “independent expenditures” that advocate the election or defeat of a candidate be liable for violations of the regulations on this proposed by House Bills 6182 to 6187, and subject to fines of up to four times the amount of the expenditure. These bills were introduced after the U.S. Supreme Court’s Citizens United v Federal Election Commission ruling that overturned a law restricting independent expenditures not just by for-profit businesses, but also by unions and non-profit groups motivated by ideological or political concerns.
Referred to the Committee on Campaign and Election Oversight
