RI S2619

Revokes all previously granted corporate powers under Rhode Island law and regrants only powers necessary for business, charitable, cooperative, or organizational purposes—explicitly excluding "political spending power"

Defines "artificial persons" broadly to include corporations, LLCs, partnerships, trusts, and out-of-state entities doing business in Rhode Island, subjecting all to the prohibition on political spending

Declares any corporate political expenditure "ultra vires" (beyond authority) and void, triggering automatic forfeiture of charter privileges including limited liability, with reinstatement requiring full disgorgement of political spending

Exempts natural persons, government entities, and properly registered political committees from the restrictions, preserving existing campaign finance rules for PACs and political parties

Takes effect January 1, 2027, with the Secretary of State administering compliance and the Attorney General authorized to seek injunctive relief, disgorgement, and charter revocation