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Pennsylvania House of Representatives
06/02/2024 02:55 PM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20130&cosponId=10412
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House Co-Sponsorship Memoranda

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House of Representatives
Session of 2013 - 2014 Regular Session

MEMORANDUM

Posted: December 31, 2012 01:51 PM
From: Representative Mark B. Cohen
To: All House members
Subject: Corporate Accountability Act
 

I will be introducing legislation, in the near future, that would create the Corporate Accountability Act. As a result of the Citizens United Supreme Court ruling, corporations can spend freely to influence a political campaign without the approval of shareholders. Further, the contributions are not made known to the shareholders or the public. This legislation, previously introduced by Auditor General-Elect DePasquale, will require corporations to obtain shareholder approval before contributing an annual aggregate sum exceeding $10,000. It will make the contributions public knowledge and require proper notification to the shareholders.

Co-sponsors of House Bill 1002 from last session included CALTAGIRONE, CARROLL, COHEN, GERBER, HORNAMAN, JOSEPHS, KAUFFMAN, MUNDY, SANTARSIERO AND CONKLIN.

If you have questions, please contact Linda Huntington in my office at lhunting@pahouse.net or 787-4117.

Introduced as HB462