Corporate powers: political spending power.

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Signed into Law

Summary

The bill rewrites the Corporations Code so that corporations and other artificial persons may only use powers the state specifically grants, and it expressly bans any political spending. A corporation that spends on candidates, parties, or ballot initiatives would lose its charter privileges and could only be restored after returning the money and proving compliance. The measure applies to all for‑profit and nonprofit entities but leaves political committees and natural persons untouched.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Hearings

• Banking and Finance Committee Hearing
  Banking and Finance · Apr 6, 2026

History

1. Apr 20, 2026Re-referred to Com. on B. & F.
2. Apr 16, 2026From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.
3. Apr 6, 2026In committee: Hearing for testimony only.
4. Mar 2, 2026Referred to Coms. on B. & F. and JUD.
5. Feb 14, 2026From printer. May be heard in committee March 16.
6. Feb 13, 2026Read first time. To print.

Sponsors

• Rogers · sponsor
• Addis
• Connolly
• Elhawary
• Garcia
• Harabedian
• Jackson
• Kalra
• Lee
• McGuire
• McNerney
• Pérez
• Schiavo

Bill text

Opens the legislature’s own copy.

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Topics

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