Bill Text: MI HB4422 | 2013-2014 | 97th Legislature | Introduced

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Bill Title: Campaign finance; contributions and expenditures; contributions by certain foreign entities; prohibit. Amends 1976 PA 388 (MCL 169.201 - 169.282) by adding sec. 55d.

Spectrum: Partisan Bill (Democrat 35-0)

Status: (Introduced - Dead) 2013-03-13 - Printed Bill Filed 03/13/2013 [HB4422 Detail]

Download: Michigan-2013-HB4422-Introduced.html

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HOUSE BILL No. 4422

 

March 12, 2013, Introduced by Reps. Cochran, LaVoy, Ananich, Brinks, Singh, Smiley, Faris, Knezek, Greimel, Brunner, Barnett, Hovey-Wright, Roberts, Banks, Brown, McCann, Townsend, Irwin, Zemke, Dillon, Switalski, Yanez, Segal, Kosowski, Hobbs, Tlaib, Driskell, Lamonte, Cavanagh, Kandrevas, Schor, Slavens, Lipton, Abed and Oakes 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 55d.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 55d. (1) A corporation or joint stock company shall not

 

make an independent expenditure if that corporation or joint stock

 

company meets any of the following conditions:

 

     (a) Is incorporated in, organized under the laws of, or

 

created by the laws of a foreign country.

 

     (b) Is a subsidiary, affiliate, division, or joint venture of

 

a corporation or joint stock company incorporated in, organized

 

under the laws of, or created by the laws of a foreign country.

 

     (c) Has received, directly or indirectly, funds from any

 

source in a foreign country, except funds received as bona fide

 

payment for goods or services sold by the corporation or joint

 

stock company in a foreign country.

 

     (d) A foreign national directly or indirectly owns or controls

 

20% or more of the voting shares of the corporation or joint stock

 

company.

 

     (e) A majority of the members of the board of directors of the

 

corporation or joint stock company are foreign nationals.

 

     (f) One or more foreign nationals have the power to direct,

 

dictate, or control the decision-making process of the corporation

 

or joint stock company with respect to its interests in the United

 

States.

 

     (g) One or more foreign nationals have the power to direct,

 

dictate, or control the decision-making process of the corporation

 

or joint stock company with respect to activities in connection

 

with a federal, state, or local election, including the making of

 

an independent expenditure.

 

     (2) A person shall not make an independent expenditure using

 

funds that the person has received from a corporation or joint

 

stock company prohibited from making an independent expenditure

 

under this act. This subsection does not apply to salary or

 

compensation a person receives from that person's employment with a

 

corporation or joint stock company.

 

     (3) As used in this section, "foreign national" means any of

 

the following:

 

     (a) An individual who is not a citizen of the United States.

 

     (b) A government of a foreign country or of a political

 

subdivision of a foreign country.

 

     (c) A person who is not an individual and who is not

 

incorporated in, organized under the laws of, or created by the

 

laws of the United States or its states and territories.