Bill Text: MI HB5350 | 2011-2012 | 96th Legislature | Introduced

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Bill Title: Campaign finance; contributions and expenditures; disclosure of independent expenditures by corporations; require. Amends 1976 PA 388 (MCL 169.201 - 169.282) by adding sec. 55b. TIE BAR WITH: HB 5348'12, HB 5352'12, HB 5353'12, HB 5354'12

Spectrum: Partisan Bill (Democrat 30-0)

Status: (Introduced - Dead) 2012-03-29 - Re-referred To Committee On Redistricting And Elections [HB5350 Detail]

Download: Michigan-2011-HB5350-Introduced.html

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HOUSE BILL No. 5350

 

February 2, 2012, Introduced by Reps. Dillon, Byrum, Darany, Lipton, Slavens, Bledsoe, Brunner, Segal, Olumba, Tlaib, Durhal, Stallworth, Barnett, Nathan, Geiss, Hovey-Wright, Lindberg, Kandrevas, Switalski, Rutledge, Bauer, Townsend, Liss, Hammel, Meadows, McCann, Irwin, Howze and Brown and referred to the Committee on Redistricting and Elections.

 

     A bill to amend 1976 PA 388, entitled

 

"Michigan campaign finance act,"

 

(MCL 169.201 to 169.282) by adding section 55b.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 55b. A corporation or joint stock company shall not make

 

an independent expenditure unless it discloses the amount and

 

nature of the independent expenditure to each shareholder or member

 

at least 30 days prior to the independent expenditure and a

 

majority of the shareholders or members affirmatively consent in

 

writing to the independent expenditure before the independent

 

expenditure is made. A corporation or joint stock company shall

 

maintain records demonstrating compliance with this subsection,

 

which shall be promptly provided to any Michigan elector who

 

requests them.

 

     Enacting section 1. This amendatory act does not take effect

 

unless all of the following bills of the 96th Legislature are

 

enacted into law:

 

     (a) Senate Bill No. ____ or House Bill No. 5348(request no.

 

01995'11).

 

     (b) Senate Bill No. ____ or House Bill No. 5352(request no.

 

01996'11).

 

     (c) Senate Bill No. ____ or House Bill No. ____ (request no.

 

01997'11).

 

     (d) Senate Bill No. ____ or House Bill No. 5354(request no.

 

01998'11).