PRINTER'S NO. 1973
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
1404
Session of
2015
INTRODUCED BY HARHAI, KOTIK, O'BRIEN, HARKINS, THOMAS, KAVULICH,
MAHONEY, GOODMAN, COHEN, BRIGGS, ROZZI AND McNEILL,
JUNE 28, 2015
REFERRED TO COMMITTEE ON STATE GOVERNMENT, JUNE 28, 2015
AN ACT
Amending Titles 15 (Corporations and Unincorporated
Associations) and 25 (Elections) of the Pennsylvania
Consolidated Statutes, in corporate powers, duties and
safeguards, providing for shareholder approval for campaign
contributions; and providing for limitations on individual
campaign contributions.
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:
§ 1504.1. Shareholder approval for campaign contributions.
(a) General rule.--The bylaws of a corporation shall include
a provision relating to whether and under what circumstances the
corporation may contribute to a campaign finance entity or
Federal, State or local election and whether or not approval of
the shareholders is required.
(b) When contributions prohibited.--A corporation may not
contribute to a campaign finance entity or a Federal, State or
local election if a majority of the shareholders of the
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