Introduced
by
To require a corporation that wants to make an independent expenditure advocating the election or defeat of a candidate to notify shareholders at least 30 days in advance, get permission and from them, and then file a notice with Secretary of State in advance disclosing how much and for what where the money will be spent, and more. The bill is part of a Democratic campaign finance regulation package comprised of House Bills 5348 to 5361, introduced after the U.S. Supreme Court’s Citizens United v Federal Election Commission ruling extended to unions and corporations (including non-profit groups motivated by ideological or political concerns) the same right already recognized for individuals to spend however much they want on independent political expenditures. This bill only applies to corporations, however.
Referred to the Committee on Redistricting and Elections
Motion
by
The motion passed by voice vote
Referred to the Committee on Redistricting and Elections
