Would limit what corporations can do in politics by taking away their ability to spend money to influence elections or ballot measures. The bill is based on the idea that corporations are created by the state and should only have the powers the state gives them not the same political rights as individuals. If a corporation violates this rule, it could lose its legal status and be required to return the money it spent. This proposal goes against decisions like Citizens United v. Federal Election Commission, which allow corporate political spending.
Would limit what corporations can do in politics by taking away their ability to spend money to influence elections or ballot measures. The bill is based on the idea that corporations are created by the state and should only have the powers the state gives them not the same political rights as individuals. If a corporation violates this rule, it could lose its legal status and be required to return the money it spent. This proposal goes against decisions like Citizens United v. Federal Election Commission, which allow corporate political spending.
