Enacts the "corporate political activity accountability to shareholders act"; requires corporate contributions to political candidates or parties to.

The bill enacts the "corporate political activity accountability to shareholders act." It mandates that corporate contributions to political candidates or parties, or in support or opposition to a candidate or ballot referendum, must be approved by a majority of shareholders. This requirement applies to cooperative corporations, not-for-profit corporations, railroad corporations, and transportation corporations.

Enacts the "corporate political activity accountability to shareholders act"; requires corporate contributions to political candidates or parties to.

The bill enacts the "corporate political activity accountability to shareholders act." It mandates that corporate contributions to political candidates or parties, or in support or opposition to a candidate or ballot referendum, must be approved by a majority of shareholders. This requirement applies to cooperative corporations, not-for-profit corporations, railroad corporations, and transportation corporations.