Bill > LD1350

This bill amends Maine's campaign finance laws to comprehensively prohibit business entities from making financial contributions to political candidates. The legislation defines "business entity" broadly to include firms, partnerships, corporations, incorporated associations, labor organizations, and other organizations, whether they are for-profit or nonprofit. Specifically, the bill adds two key provisions: first, it explicitly bans business entities from making any contributions to candidates, and second, it restricts business entities from contributing more than $5,000 annually to political action committees that make independent expenditures. The contribution limit will be automatically adjusted every two years based on the Consumer Price Index, with adjustments rounded to the nearest $25 and published on the commission's website. This bill aims to reduce the potential influence of corporate money in political campaigns by creating clear restrictions on how businesses can financially support political candidates and related political committees.

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https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1350&snum=132