MI HB6055

Removes prohibition on corporate and labor organization expenditures (in addition to contributions) in Michigan campaign finance law, allowing independent expenditures by these entities.

Permits corporations, joint stock companies, domestic dependent sovereigns, and labor organizations to make independent expenditures without amount limits.

Requires corporations making independent expenditures to disclose the amount and nature of the expenditure to all shareholders and obtain affirmative consent from a majority of shareholders before proceeding.

Maintains existing prohibitions on direct contributions by corporations and labor organizations to candidates and campaigns, with limited exceptions for ballot question committees.

Establishes criminal penalties of up to $5,000 fine or 3 years imprisonment for individuals, and up to $10,000 fine for non-individuals, who knowingly violate the section.