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HI SB2471
Bill
AI Summary
- Prohibits corporations, LLCs, credit unions, and other artificial entities organized under Hawaii law from spending money or contributing anything of value to support or oppose candidates, political parties, political committees, constitutional amendments, or ballot measures
- Revokes all previously granted corporate powers and re-grants only specifically enumerated powers that exclude election and ballot-issue activities, declaring such political spending "ultra vires and void"
- Establishes automatic forfeiture of charter privileges including limited liability and perpetual duration for any entity that engages in prohibited election or ballot-issue activities
- Applies restrictions to foreign corporations transacting business or holding property in Hawaii, with any entity engaging in political activity automatically deemed to be transacting business in the state
- Exempts bona fide news stories, commentary, and editorials from media outlets not owned by political parties, committees, or candidates; effective date for prohibited activities is January 1, 2027
Legislative Description
Relating To The Powers Of Artificial Persons.
Business Entities
Last Action
Bill scheduled to be heard by CPC on Wednesday, 03-18-26 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.
3/16/2026
Committee Referrals
Consumer Protection & Commerce3/12/2026
Judiciary2/19/2026
Commerce and Consumer Protection1/28/2026
Full Bill Text
No bill text available