Bill Text: MI HB4421 | 2013-2014 | 97th Legislature | Introduced
Bill Title: Campaign finance; contributions and expenditures; certain independent expenditures by corporations; prohibit. Amends 1976 PA 388 (MCL 169.201 - 169.282) by adding sec. 55c.
Spectrum: Partisan Bill (Democrat 31-0)
Status: (Introduced - Dead) 2013-03-13 - Printed Bill Filed 03/13/2013 [HB4421 Detail]
Download: Michigan-2013-HB4421-Introduced.html
HOUSE BILL No. 4421
March 12, 2013, Introduced by Reps. Abed, LaVoy, Ananich, Brinks, Hobbs, Smiley, Knezek, Faris, Greimel, Brunner, Barnett, Hovey-Wright, Roberts, Banks, Brown, Townsend, McCann, Irwin, Zemke, Dillon, Switalski, Yanez, Segal, Kosowski, Tlaib, Driskell, Lamonte, Cavanagh, Schor, Slavens and Lipton and referred to the Committee on Elections and Ethics.
A bill to amend 1976 PA 388, entitled
"Michigan campaign finance act,"
(MCL 169.201 to 169.282) by adding section 55c.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 55c. (1) A corporation or joint stock company that has
entered into a contract with this state or any political
subdivision of this state, that has received a grant funded in
whole or in part by this state or any political subdivision of this
state, or that has received a tax incentive or tax credit from this
state or any political subdivision of this state shall not make an
independent expenditure until that contract, grant, incentive, or
credit has expired. A corporation or joint stock company that has
applied for, submitted a bid for, or requested a contract, grant,
or tax incentive or credit as described in this subsection, or any
renewal or extension thereof, shall not make an independent
expenditure while the application, bid, or request is pending.
(2) A corporation or joint stock company that accepts federal
financial assistance under the federal troubled asset relief
program or any similar federal program shall not make an
independent expenditure until it repays any federal financial
assistance received from that program. As used in this subsection,
"troubled asset relief program" means the troubled asset relief
program established under 12 USC 5211.
