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MI SB1363
Bill
AI Summary
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Prohibits corporations and joint stock companies with state or political subdivision contracts, grants, tax incentives, or tax credits from making independent expenditures until those benefits expire.
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Prohibits corporations and joint stock companies that have applied for, bid on, or requested state contracts, grants, or tax incentives from making independent expenditures while applications or requests are pending.
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Prohibits corporations and joint stock companies that accept federal financial assistance under the Troubled Asset Relief Program (TARP) or similar federal programs from making independent expenditures until they repay the federal assistance.
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Prohibits electric utilities, natural gas utilities, and insurers from making independent expenditures entirely.
Legislative Description
Campaign finance; contributions and expenditures; certain independent expenditures by corporations; prohibit. Amends 1976 PA 388 (MCL 169.201 - 169.282) by adding sec. 55c.
Campaign finance, contributions and expenditures
Last Action
Referred To Committee On Campaign And Election Oversight
6/2/2010