PRINTER'S NO. 1620
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
1235
Session of
2015
INTRODUCED BY HANNA, PASHINSKI, THOMAS, McNEILL, ROZZI, O'BRIEN,
COHEN, MARKOSEK, HARHAI, GOODMAN AND D. COSTA, MAY 18, 2015
REFERRED TO COMMITTEE ON STATE GOVERNMENT, MAY 18, 2015
AN ACT
Amending Title 15 (Corporations and Unincorporated Associations)
of the Pennsylvania Consolidated Statutes, in corporations
generally, adding provisions relating to contributions to
campaign finance entities.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Title 15 of the Pennsylvania Consolidated
Statutes is amended by adding a section to read:
ยง 508. Contributions to campaign finance entities.
(a) Procedure in bylaws.--
(1) A corporation shall include in its bylaws adequate
procedures for assessing the will of the majority of the
shareholders of the corporation regarding contributions to
campaign finance entities and independent expenditures for a
Federal, State or local election that the corporation
proposes to make.
(2) If a majority of the shareholders of a corporation
are unable, by law, contract or corporate bylaws, or any
other reason, to participate in a vote regarding a campaign
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contribution or an independent expenditure the corporation
proposes to make, the corporation may not make the campaign
contribution or independent expenditure.
(b) Press organizations.--The distribution of a news story,
commentary, editorial, book or documentary in the ordinary
course of business by a press organization owned or controlled
by a corporation may not be considered a contribution to a
campaign finance entity or an independent expenditure for the
purposes of subsection (a).
Section 2. This act shall take effect in 60 days.
20150HB1235PN1620 - 2 -
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