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S00640 Summary:
BILL NO | S00640 |
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SAME AS | SAME AS A01418 |
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SPONSOR | KAVANAGH |
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COSPNSR | |
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MLTSPNSR | |
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Add §§631, 1321, 1517 & 1534, BC L; add §78, Coop Corps L; add §522, N-PC L; add §35, Rail L; add §8, Transp Corps L; add §5017, Bank L; add §510, Lim Lil L | |
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Enacts the "corporate political activity accountability to shareholders act"; requires that corporate contributions to a political candidate or party committee or in support or opposition to a candidate or ballot referendum be approved by a majority of shareholders; applies to cooperative corporations, not-for-profit corporations, railroad and transportation corporations. |