Plain English Breakdown
The official source material does not provide information on enforcement mechanisms or consequences for violations.
Rules about Corporations and Elections
This bill maintains existing corporate powers but prevents corporations from gaining new powers to engage in election activities.
What This Bill Does
- Keeps all the current powers of corporations under state law.
- Does not give corporations any power to do things like supporting or opposing political candidates in elections.
Who It Names or Affects
- Corporations operating under state law
Terms To Know
- Election activity
- Activity promoting or opposing a political candidate or position on a ballot question.
Limits and Unknowns
- The bill does not specify what happens to corporations if they violate the new rules.
- It is unclear how this will be enforced and who will enforce it.