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 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.
Referred to the Committee on Redistricting and Elections
Motion
by
The motion passed by voice vote
Referred to the Committee on Redistricting and Elections
