MO HB3396

Prohibits corporations, LLCs, partnerships, cooperatives, and other "artificial persons" from exercising "political spending power," defined as paying or contributing money to support or oppose candidates, political parties, ballot initiatives, referendums, or constitutional amendments in Missouri elections

Declares any corporate political spending to be ultra vires (beyond legal authority) and void, with automatic forfeiture of charter privileges including limited liability, perpetual duration, and succession rights

Applies to both Missouri-formed entities and foreign entities transacting business in the state, with foreign entities engaging in political spending deemed to be transacting business in Missouri for jurisdiction purposes

Exempts political committees organized under state or federal election law, natural persons acting individually, government entities, and bona fide news/editorial content (unless the publisher is owned by a political party, committee, or candidate)

Takes effect January 1, 2027, with the Secretary of State authorized to adopt rules for enforcement and the Attorney General empowered to bring actions for declaratory relief, injunctions, disgorgement, and charter revocation