SB0501

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

Shareholders United Act

Sponsored by:

Senator Raskin

Status:

In the Senate - Hearing 2/25 at 1:00 p.m.


Synopsis:Prohibiting a corporation from using any money or other property of the corporation in connection with a political expenditure unless the stockholders, by a majority vote, have authorized in advance the amount of money or property to be used and have directed that the money or property be used for specified purposes; requiring specified notices and reporting about political expenditures; authorizing the Attorney General to bring a civil action to obtain specified remedies for a violation of the Act; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Raskin, Feldman, Guzzone, Kagan, Kelley, King, Lee, Madaleno, Manno, Nathan-Pulliam, Pinsky, Ramirez, Rosapepe, and Young
Additional Facts:Introduced in a prior session as: SB0153 Session: 2015 Regular Session
Bill File Type: Regular
Effective Date(s): October 1, 2016
Committee(s):
Education, Health, and Environmental Affairs  View Committee Hearing
Broad Subject(s):Corporations and Associations
Elections
Narrow Subject(s):Attorney General
Campaign Financing
Civil Actions -see also- Small Claims
Corporations -see also- Municipal Corps; Public Corps & Inst
Disclosure
Elections, State Board of
Electronic Government
Ethics
Gifts
Notices
Public Information
Reports
Restitution
Rules and Regulations
Securities
Telecommunications and Information Technology
Voting -see also- Ballots; Elections
Statutes:Article - Corporations and Associations
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October 24, 2017 5:09 P.M.