CA AB20

Prohibits business entities from making contributions to candidates for elective office and prohibits candidates from accepting such contributions, effective immediately upon enactment.

Defines "business entity" according to existing Government Code Section 82005 to establish which organizations fall under the contribution ban.

Declares that violations of the contribution prohibition are subject to existing Political Reform Act penalties, including misdemeanor charges and specified financial penalties.

Specifies that no state reimbursement is required for local agencies or school districts because costs arise only from creating new criminal provisions under Section 17556 of the Government Code.

States that the act furthers the purposes of the Political Reform Act of 1974 and may be amended by the Legislature with a two-thirds vote of each house.