MA S376

Bill

Relative to corporations, shareholders, and political expenditures

Introduced
01/23/2017

In Committee
01/23/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation relative to corporations, shareholders, and political expenditures. Election Laws.

AI Summary

This bill amends the Massachusetts General Laws to prohibit corporations from using their money or property to make independent expenditures, contributions, gifts, or other political spending in state or federal elections, unless the corporation's shareholders have previously authorized such spending by a majority vote. The bill requires corporations to provide shareholders with notice and reporting of any such political spending. It also allows the Secretary of the Commonwealth to revoke a corporation's charter or business license if the corporation has violated campaign finance or election laws or the provisions of this bill. The bill aims to give shareholders more control over corporate political activity.

Committee Categories

Government Affairs

Sponsors (6)

Sonia Chang-Díaz (D), Sal DiDomenico (D), Eileen Donoghue (D), Jamie Eldridge (D), Pat Jehlen (D), Denise Provost (D),

Last Action

Accompanied a study order, see S2399 (on 04/04/2018)

Official Document

https://malegislature.gov/Bills/190/S376

(10 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/S376
Bill	https://malegislature.gov/Bills/190/S376.pdf

Bill	Bill Name	Last Action	Type
H1556	Relative to tax return filing deadlines	Accompanied a study order, see H4244	Similar To
H1601	Relative to tax return filing deadlines	Accompanied a study order, see H4244	Similar To
S1556	To pro-rate the corporate excise tax	Accompanied a study order, see S2497	Similar To
S1605	Modernizing the corporate excise tax	Accompanied a study order, see S2497	Similar To
S1648	Relative to extending single sales factor apportionment to all corporations	Accompanied a study order, see S2497	Similar To
S1680	Relative to the obligations of reinstated limited liability corporations	Accompanied a study order, see H4481	Similar To
S2399	Order relative to authorizing the joint committee on Election Laws to make an investigation and study of certain current Senate documents relative to election laws issues	Reported (in part) by S2069	Replaced by
S394	To limit political spending by foreign-influenced corporations	Accompanied a study order, see S2399	Similar To
S505	Relative to medical loss ratio for insurance corporations	Accompanied a study order, see S2496	Similar To
S506	Relative to financial services contracts for dental benefits corporations	Accompanied a study order, see S2496	Similar To

Bill > S376

MA S376

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (6)

Last Action

Official Document

bill text

bill summary

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