HB4435

Illinois HB4435 amends the Business Corporation Act to prohibit corporations from engaging in election activities or public policy initiatives.

HB4435 amends the Business Corporation Act of 1983 to clarify that corporations do not have the power to engage in activities related to the nomination or election of candidates for public office or the initiation, submission, or consideration of questions of public policy. This change ensures that corporations are not involved in political activities or public policy debates, maintaining a clear separation between corporate interests and electoral processes.