FailedFiled Mar 9, 2026
Sponsor: Hasegawa
Latest Action
First reading, referred to Law & Justice.
Mar 9, 2026
Summary
The bill revokes all existing corporate powers under state law and allows corporations only those powers specifically listed in the new chapter. It applies to all types of corporations, including nonprofits, LLCs, and partnerships, and bars them from spending on ballot measures or elections. The change aims to curb corporate political influence while preserving existing contracts and debts.
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