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MI HB5351
Bill
Status
2/2/2012
Primary Sponsor
Timothy Bledsoe
Click for details
AI Summary
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Prohibits corporations or joint stock companies with state or local government contracts from making independent expenditures until the contract expires.
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Prohibits corporations or joint stock companies that have received state or local grants, tax incentives, or tax credits from making independent expenditures until those benefits expire.
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Prohibits corporations or joint stock companies that have applied for, bid on, or requested state or local contracts, grants, or tax incentives from making independent expenditures while such applications or requests are pending.
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Prohibits corporations or joint stock companies that accepted federal Troubled Asset Relief Program (TARP) funds or similar federal financial assistance from making independent expenditures until the federal funds are fully repaid.
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
Re-referred To Committee On Redistricting And Elections
3/29/2012