H.R. 4644 · 111th Congress
Fairness in Corporate Campaign Spending Act of 2010
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
SestakSponsorNo cosponsors.
Fairness in Corporate Campaign Spending Act of 2010 - Amends the Federal Election Campaign Act of 1971 to prohibit a corporation from making any independent expenditure or disbursing funds for any electioneering communication without obtaining the prior approval of a majority of its shareholders.
What it does: CRS summary · Introduced in House · Feb 22, 2010
Fairness in Corporate Campaign Spending Act of 2010 - Amends the Federal Election Campaign Act of 1971 to prohibit a corporation from making any independent expenditure or disbursing funds for any electioneering communication without obtaining the prior approval of a majority of its shareholders. Subjects officers and directors of a corporation to personal liability for civil money penalties for violating this prohibition.
Exempts from this prohibition any corporation whose aggregate disbursements for electioneering communications during a year: (1) are less than $8,000, if the corporation has fewer than 100 full-time-equivalent (FTE) employees; or (2) are less than $20,000, if the corporation has more than 100 FTE employees.
Declares that nothing in this Act shall affect political disbursements by a separate segregated fund established by a corporation.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Fairness in Corporate Campaign Spending Act of 2010
Latest action (Feb 22, 2010): Referred to the House Committee on House Administration.
Policy area: Government Operations and Politics · Origin: House · Introduced: Feb 22, 2010
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.