Introduced
by
To prohibit independent expenditures advocating the election or defeat of a candidate by a corporation with any state or local government contracts, tax breaks, subsidies, “incentives,” etc.; utility or insurance companies; or companies that received any federal "Troubled Asset Relief Program" (TARP) “bailout” money. The bill is part of a package comprised of Senate Bills 1361 to 1368, 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
