California AB1984 revokes corporate powers for political spending, except for political committees.

California AB1984 revokes all corporate powers for political spending, except for political committees. Corporations can only engage in political spending if expressly allowed by law. Out-of-state corporations engaging in political spending in California are deemed to be transacting business in the state. Corporations forfeit charter privileges for unauthorized political spending unless owned by a political party, committee, or candidate. The act does not affect lawful activities of political committees.

California AB1984 revokes corporate powers for political spending, except for political committees.

California AB1984 revokes all corporate powers for political spending, except for political committees. Corporations can only engage in political spending if expressly allowed by law. Out-of-state corporations engaging in political spending in California are deemed to be transacting business in the state. Corporations forfeit charter privileges for unauthorized political spending unless owned by a political party, committee, or candidate. The act does not affect lawful activities of political committees.