MA S145

Bill

MA S145

To protect the interests of shareholders

Introduced
04/15/2015

In Committee
03/21/2016

Crossed Over

Passed

Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

For legislation to protect the interests of shareholders. Consumer Protection and Professional Licensure.

AI Summary

This bill amends Chapter 93A of the General Laws, which deals with consumer protection and deceptive practices, by adding a new section that requires any business entity operating in Massachusetts that issues stock to disclose specific financial information to Massachusetts shareholders upon written request. This disclosure must detail the amount, nature, timing, and purpose of any corporate funds or property used for independent expenditures, contributions, gifts, transfers, disbursements, or promises made to influence the outcome of any local, statewide, or federal election in Massachusetts, whether for a candidate, political party, or ballot question. The bill defines violations of this disclosure requirement as deceptive acts or practices, allowing affected individuals, business entities, and the Attorney General to pursue legal remedies.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (4)

Jamie Eldridge (D)*, Paul Heroux (D), Denise Provost (D), Chris Walsh (D),

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 03/21/2016)

Official Document

https://malegislature.gov/Bills/189/S145

(5 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/189/S145
Bill	https://malegislature.gov/Bills/189/S145.pdf

Bill	Bill Name	Last Action	Type
H2800	Relative to the implementation of regulations on businesses	Accompanied a study order, see H4102	Similar To
S140	Regarding document preparation fees for motor vehicle sales	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S1765	Relative to water meter testing fees	Accompanied a study order, see S2388	Similar To
S213	Relative to corporations, shareholders, and political expenditures	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S402	Protecting the natural resources of the Commonwealth	Accompanied a study order, see S2380	Similar To

Bill > S145

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (4)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary