Bill > HB149

This bill requires domestic and foreign corporations authorized to do business in Hawaii to provide their shareholders with an annual report detailing their independent expenditures and political contributions if those expenditures and contributions exceed $10,000 in a year. The report must include separate aggregate totals for independent expenditures, contributions to noncandidate committees, and contributions to candidate committees, along with an identification of specific monetary or nonmonetary benefits that resulted from these expenditures and contributions. Corporations can choose to report aggregate amounts and may fulfill the reporting requirement by delivering existing reports to shareholders, such as those filed with the campaign spending commission. The bill defines key terms like "candidate committee," "contribution," "independent expenditure," and "noncandidate committee" using definitions from existing Hawaii campaign finance law. The legislature's rationale for the bill includes providing shareholders with transparency about corporate political spending, deterring potential corruption, enabling shareholders to make informed decisions, and allowing for additional scrutiny of corporate political activities. The new reporting requirement would take effect upon the bill's approval.

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https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=149&year=2026