CA AB919

Requires corporations with California shareholders to annually report all political contributions and expenditures to candidates, ballot measures, political parties, and political action committees within 30 days of fiscal year-end.

Allows shareholders to opt out by objecting in writing within 60 days of receiving the report, entitling them to a pro rata refund of corporate political spending as a dividend.

Mandates corporations post political activity reports on their websites (if maintained) and define "corporation" to include publicly held corporations, subsidiaries, and entities with equity interests in such corporations.

Requires corporations to maintain records of political activities for 5 years and provide copies to the Secretary of State upon request.

Establishes a private right of action allowing shareholders to sue for violations, recover reasonable attorney's fees, and seek injunctive relief against improper political spending.